HR 2573 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to make S corporations eligible for the rules applicable to real property subdivided for sale by noncorporate taxpayers.

Introduced 1991-06-06· Sponsored by Rep. Guarini, Frank J. [D-NJ-14]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1991-06-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code with respect to special rules for determining capital gains and losses to specify that C corporations are not eligible for the rules applicable to real property subdivided for sale by a taxpayer, thus making S corporations (small business corporations) eligible for such rules.…

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