United States · Bill · S
S. 3669 (117th)
1031 Exchange Improvement Act
Introduced
16 February 2022
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
1031 Exchange Improvement Act This bill revises the tax rule allowing deferral of gain for like kind exchanges of commercial property. (That rule provides that no gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment if such real property is exchanged solely for real property of like kind.) Specifically, the bill eliminates the requirement that a substitute property be identified within 45 days of the sale of the original property.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 16 February 2022
Introduced in Senate (PDF)
Introduced in Senate · EN · 16 February 2022
Introduced in Senate
summary · EN · 16 February 2022
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/3669
- Open data entity: https://api.congress.gov/v3/bill/117/s/3669