A bill to amend the Internal Revenue Code of 1954 to provide that the income of qualified trusts and educational organizations from domestic oil and gas wells shall be treated as passive income for purposes of the tax on unrelated business taxable income.

referredUnited States· United States Congress· EN

Introduced

29 September 1982

Last action

—

Status

Referred to House Committee on Ways and Means

Summary

Amends the Internal Revenue Code to provide that the income of qualified employee benefit plans and medical education or research organizations from domestic oil and gas wells shall be treated as passive income for purposes of the tax on unrelated business taxable income.

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Documents

1 official file

Introduced in House
summary · EN · 29 September 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/7217
Open data entity: https://api.congress.gov/v3/bill/97/hr/7217