A resolution concerning the Internal Revenue Code.

Summary

Expresses the sense of the Senate that: (1) changes in the Internal Revenue Code shall have a general effective date no earlier than their date of enactment; (2) transactions and investments undertaken prior to the enactment of comprehensive tax reform by the Congress shall continue to be treated under the existing Federal income tax law; and (3) appropriate transition rules shall be incorporated in all tax legislation to assure that transactions planned and entered into in reliance upon existing law shall not be subject to new and adverse provisions.

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

Timeline

1. 29 January 1985

   Introduced

   Referred to the Committee on Finance.

   Source: IntroReferral

2. 29 January 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 31 January 1985

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 29 January 1985

  Open at official source

Sponsors

• Rep. Dodd, Christopher J. [D-CT-2] · D · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Rep. Symms, Steven D. [R-ID-1] · R · Sponsor
• Sen. Wallop, Malcolm [R-WY] · R · Sponsor
• Chuck Grassley · R · Cosponsor
• Sen. Heflin, Howell [D-AL] · D · Cosponsor
• Sen. Trible, Paul S., Jr. [R-VA] · R · Cosponsor
• Sen. Nickles, Don [R-OK] · R · Cosponsor
• Sen. Kerry, John F. [D-MA] · D · Cosponsor
• Sen. Levin, Carl [D-MI] · D · Cosponsor
• Sen. Pryor, David H. [D-AR] · D · Cosponsor
• · ssfi00 · Standing

Related records

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