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United States · Bill · S

S. 567 (94th)

A bill to amend the Internal Revenue Code with respect to nonrecognition of gain from the sale or exchange of a residence.

referredUnited States· United States Congress· EN

Introduced

5 February 1975

Last action

Status

Referred to Senate Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Revises the Internal Revenue Code to increase the time period to 18 months (now 12 months) during which a taxpayer must purchase a new residence in order to defer any gain on the sale of his old residence.

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Documents

1 official file

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Sources

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