HR 3262 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to restore the prior law treatment of corporate reorganizations through the exchange of debt instruments.

Introduced 1991-08-02· Sponsored by Rep. Moody, Jim [D-WI-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1991-08-02)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code, with respect to capital gains and losses, to restore the prior law treatment of corporate reorganizations by providing a special rule for determining issue price in the case of exchange of debt instruments in such reorganizations.…

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

Cosponsors (1)

1 Republican
Rep. McGrath, Raymond J. [R-NY-5]NY