A bill to amend the Internal Revenue Code of 1954 to exempt from levy for the collection of taxes certain property which is used by the taxpayer as his principal residence and is used in a trade or business and to increase the exemption from levy for books and tools in a trade or business.

Summary

Exempts from levy for the collection of taxes under the Internal Revenue Code any building or structure which is used by the taxpayer as his principal residence and is used in a trade or business. Increases the exemption from levy for books and tools and used in a trade or business.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 2 June 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 2 June 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 June 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 2 June 1975

  Open at official source

Sponsors

• Rep. Mitchell, Parren J. [D-MD-7] · D · Sponsor
• · hswm00 · Standing

Related records

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