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- H.R.406
H.R.406: To amend the Internal Revenue Code of 1986 to modify the involuntary conversion rules for certain disaster-related conversions.
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about housing and community development
- Introduced Jan. 5, 1993
- Latest Major Action Aug. 10, 1993
Bill Sponsor
Bill Cosponsors
22 (21 Democrats, 1 Independent Democrat)
Bill Summary
Amends the Internal Revenue Code to provide special rules with respect to the nonrecognition of gain for principal residences compulsorily or involuntarily converted as a result of a presidentially-declared disaster. Requires the nonrecognition of gain of insurance proceeds for the contents of such residences. Allows insurance proceeds from personal property and real property to be lumped together into one common fund. Extends the time to...
(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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See H.R.2264.
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| Jan. 5, 1993 |
Introduced in the House by Pete Stark (D-Calif.) |