HR 2645 · 101th Congress · Taxation

To amend the Internal Revenue Code of 1986 to exclude from gross income the gain on certain sales of lands subject to ground leases.

Introduced 1989-06-14· Sponsored by Rep. Saiki, Patricia [R-HI-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1989-06-14)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income any gain realized from the sale to the lessee, on or before December 31, 1996, of land subject to a ground lease and on which the only buildings are residential.…

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