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United States · Bill · S

S. 3301 (95th)

A bill to amend the Tax Reform Act of 1976.

referredUnited States· United States Congress· EN

Introduced

14 July 1978

Last action

Status

Referred to Senate Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Amends the Internal Revenue Code to render the basis rule for player contracts transferred in connection with the sale of a sports franchise inapplicable to the sale or exchange of a sports franchise after December 31, 1975, and before March 1, 1977, if the principal stockholder of such franchise at the time of its sale had purchased more than 50 percent of its voting stock prior to December 31, 1975.

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Documents

1 official file

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Sources

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