A bill to limit the retroactive application of section 1056 of the Internal Revenue Code of 1954 (as added by section 212 of the Tax Reform Act of 1976).

referredUnited States· United States Congress· EN

Introduced

22 July 1977

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Limits the application of the Tax Reform Act provisions pertaining to basis limitations for athlete contracts transferred in connection with franchise sales to mergers for which proposed proxy statements were filed with the Securities and Exchange Commission before September 21, 1976.

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Timeline

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 22 July 1977
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/8489
Open data entity: https://api.congress.gov/v3/bill/95/hr/8489