United States · Bill · S
S. 1901 (96th)
A bill to amend the Internal Revenue Code of 1954 with respect to the amount deductible in the case of casualty losses of timber.
Introduced
17 October 1979
Last action
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Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
14 June 2021
Summary
Amends the Internal Revenue Code to set the basis of the income tax deduction for casualty loss of timber at not less than the fair market value immediately before such casualty. Provides for a ten-year carryback and a four-year carryover of such deduction.
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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 · 17 October 1979
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/96th-congress/senate-bill/1901
- Open data entity: https://api.congress.gov/v3/bill/96/s/1901