Savings and Loan Fair Financing and Antifraud Enforcement Act of 1990

[AI summary unavailable — showing source text] Savings and Loan Fair Financing and Antifraud Enforcement Act of 1990 - Title I: Fair Financing - Subtitle A: Direct Funding of Thrift Resolutions - Amends the Internal Revenue Code to impose a surtax on: (1) taxpayers (other than corporations) with adjusted gross incomes of over $100,000; and (2) corporations whose adjusted tax exceeds $13,750. Prescribes formulas for calculation of the surtax. Declares the surtax period to begin on January 1, 1990, and end on December 31, 1995, unless the President determines that an extension is necessary to provide sufficient financing for the Resolution Trust Corporation to continue funding savings and loan resolution costs. Provides, with respect to the gain or loss on disposition of property, for determining the carryover basis for property acquired from a decedent dying during the surtax period. Permits the limited recognition of gain when the executor of an estate uses certain appreciated carryover basis property to satisfy the right of a person to receive a pecuniary bequest. Requires estate executors to: (1) file information returns in connection with carryover basis property; and (2) provide written notice to recipients of such property…