United States · Bill · S
S. 2311 (94th)
A bill to amend section 1033 of the Internal Revenue Code of 1954 with respect to involuntary conversions of real property.
Introduced
9 September 1975
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Provides that, with respect to involuntary conversions of real property as a result of seizure, requisition, or condemnation, gain shall be recognized under the Internal Revenue Code only to the extent that the amount realized upon such conversion exceeds the cost of the replacement property even if such property is not related in service or use to the involuntarily converted property.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 9 September 1975
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/2311
- Open data entity: https://api.congress.gov/v3/bill/94/s/2311