HR 974 · 100th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to extend the rollover period for gain from sale of a home where sale proceeds cannot be withdrawn from insolvent institution.

Introduced 1987-02-04· Sponsored by Del. Fauntroy, Walter E. [D-DC-At Large]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1987-02-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow the suspension of the running of the two-year period allowed for the rollover of the gain realized from the sale of a home during a time when the sale proceeds cannot be withdrawn from an insolvent financial institution.…

Summarized by Claude AI · Non-partisan · For informational purposes only