A bill to amend section 512(b) (5) of the Internal Revenue Code of 1954 with respect to the tax treatment of the gain on the lapse of options to buy or sell securities.

Summary

Excludes, under the Internal Revenue Code of 1954, the gain on the lapse of options to buy or sell securities for purposes of computing the tax on the unrelated business income of charitable organizations.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Public Law (PDF)

  Public Law · EN · 4 September 1976

  ViewDownloadOpen at official source

• Passed Senate amended

  summary · EN · 31 August 1976

  Open at official source

• Introduced in House

  summary · EN · 6 February 1975

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.