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United States · Bill · S

S. 861 (93rd)

A bill to allow an income tax deduction for repair or improvement of a taxpayer's residence.

referredUnited States· United States Congress· EN

Introduced

15 February 1973

Last action

15 February 1973 · Introduced

Status

Referred to Senate Committee on Finance.

Sponsors

Sen. Moss, Frank E. [D-UT], Sen. Hart, Philip A. [D-MI], Sen. McGee, Gale W. [D-WY]

Subjects

Taxation

Source updated

1 August 2024

Taxation

Summary

Allows an income tax deduction under the Internal Revenue Code of 1954 for ordinary and necessary expenses up to $1,000 for any taxable year, incurred by a taxpayer in making repairs and improvements to his residence which will reduce heat loss in winter and heat gain in summer. (Amends 26 U.S.C. 218)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 15 February 1973

    Introduced

    Referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 15 February 1973

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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