Legislators
Bills
Statements
Lobbying
Travel
- Bills
- S.3669
S.3669: 1031 Exchange Improvement Act
About This Bill
- Introduced Feb. 16, 2022
- Latest Major Action Feb. 16, 2022
Bill Sponsor
Bill Version
- Introduced in Senate - Feb. 16, 2022
Bill Summary
1031 Exchange Improvement Act This bill revises the tax rule allowing deferral of gain for like kind exchanges of commercial property. (That rule provides that no gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment if such real property is exchanged solely for real property of like kind.) Specifically, the bill eliminates the requirement that a substitute property...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Feb. 16, 2022 |
Read twice and referred to the Committee on Finance.
|
Feb. 16, 2022 |
Introduced in the Senate by Mike Lee (R-Utah) |