United States · Bill · S
S. 1723 (94th)
A bill to amend the Internal Revenue Code of 1954 to revise the tax treatment of transfer of certain property to tax-exempt organizations.
Introduced
13 May 1975
Last action
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Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Provides that property which would lose its status as a capital asset entitled to be depreciated under the Internal Revenue Code (loss of such status requiring recapture of any previously declared depreciation) shall retain such status where it is transferred to a tax-exempt parent organization.
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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 Senate
summary · EN · 13 May 1975
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/1723
- Open data entity: https://api.congress.gov/v3/bill/94/s/1723