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- H.R.4522
H.R.4522: To clarify the income and gift tax consequences of catching and returning record home run baseballs.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Sept. 9, 1998
- Latest Major Action Sept. 9, 1998
Bill Sponsor
Bill Cosponsors
17 (2 Democrats, 16 Republicans)
Bill Summary
Provides, with respect to a home run ball hit during the 1998 baseball season by a batter who hit at least 61 home runs during such season, that: (1) no amount shall be included in the gross income of the person recovering such a ball for purposes of subtitle A (Income Taxes) of the Internal Revenue Code; and (2) any gift of such a ball to the batter by the person recovering such a ball shall not be treated as a gift for purposes of subtitle B...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Sept. 9, 1998 |
Introduced in the House by William M. Thomas (R-Calif.) |