A bill to amend the Internal Revenue Code of 1954 to provide for the nonrecognition of gain from the involuntary conversion of real property by condemnation through eminent domain.

referredUnited States· United States Congress· EN

Introduced

2 August 1978

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to provide that no gain shall be recognized from the involuntary conversion of real property by condemnation through eminent domain if the taxpayer held such property for the five years prior to the date of conversion.

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Documents

1 official file

Introduced in Senate
summary · EN · 2 August 1978
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/senate-bill/3367
Open data entity: https://api.congress.gov/v3/bill/95/s/3367