United States · Bill · S
S. 3095 (98th)
A bill relating to alternative minimum tax relief for certain insolvent tax payers.
Introduced
11 October 1984
Last action
—
Status
Committee on Finance requested executive comment from OMB, Treasury Department.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Amends the Internal Revenue Code to provide that for purposes of the alternative minimum tax, any gain or loss from the transfer of property to a creditor in cancellation of a debt or from the sale or exchange of property under threat of foreclosure shall not be taken into account in computing net capital gain if prior to such sale or exchange the taxpayer is insolvent.
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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 · 11 October 1984
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/98th-congress/senate-bill/3095
- Open data entity: https://api.congress.gov/v3/bill/98/s/3095