A bill to amend section 483 of the Internal Revenue Code of 1954 to provide that such section shall not apply to certain sales and exchanges of real property located in the United States used as a farm or in a closely held business.

openUnited States· United States Congress· EN

Introduced

28 June 1984

Last action

—

Status

Committee on Finance requested executive comment from OMB, Treasury Department, Agriculture Department.

Summary

Amends the Internal Revenue Code to exempt the sale or exchange of land used as a farm or in a closely held business from rules requiring the imputation of interest on certain deferred payments.

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 28 June 1984
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/senate-bill/2822
Open data entity: https://api.congress.gov/v3/bill/98/s/2822