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- H.R.142
H.R.142: To amend the Internal Revenue Code of 1986 to provide for the nonrecognition of gain on long-term real property which is involuntarily converted as the result of the exercise of eminent domain, without regard to whether the replacement property is similar or of like kind.
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about taxation
- Introduced Jan. 5, 1993
- Latest Major Action June 17, 1993
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
13 (9 Democrats, 4 Republicans)
Bill Summary
Amends the Internal Revenue Code to provide for the nonrecognition of gain on property held for at least ten years which is involuntarily converted as the result of the exercise of eminent domain, without regard to whether the replacement property is similar or of like kind.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Referred to the Subcommittee on Select Revenue Measures.
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Subcommittee Hearings Held.
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Jan. 5, 1993 |
Introduced in the House by Jerry F. Costello (D-Ill.) |