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- H.R.928
H.R.928: 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 104th Congress
- This bill is primarily about taxation
- Introduced Feb. 14, 1995
- Latest Major Action Feb. 14, 1995
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (2 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 compulsorily or 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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Feb. 14, 1995 |
Introduced in the House by Jerry F. Costello (D-Ill.) |