HR 447 · 101th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide an exemption from the passive loss rules for losses from real estate acquired from the Federal Savings and Loan Insurance Corporation.

Introduced 1989-01-04· Sponsored by Rep. Brown, Hank [R-CO-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1989-01-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from rules for determining passive activity losses any activity involving the use of property acquired by the taxpayer directly from the Federal Savings and Loan Insurance Corporation after December 31, 1989.…

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