A bill to amend the Internal Revenue Code of 1954 to permit qualified pension funds and certain educational organizations to invest in working interests in oil and gas properties without incurring unrelated business taxable income.

referredUnited States· United States Congress· EN

Introduced

21 December 1982

Last action

—

Status

Read twice and referred to the Committee on Finance.

Summary

Amends the Internal Revenue Code to allow qualified pension funds and certain educational organizations to invest in working interests in oil and gas properties without incurring unrelated business taxable income.

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Documents

1 official file

Introduced in Senate
summary · EN · 21 December 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/3124
Open data entity: https://api.congress.gov/v3/bill/97/s/3124