HR 5655 · 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, and for other purposes.

Introduced 1992-07-22· Sponsored by Rep. Moody, Jim [D-WI-5]· House

Bill Progress

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Introduced
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Committee
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House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and read twice and referred to the Committee on Finance.(1992-08-05)

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. Increases the mileage requirement for the moving expenses deduction from 35 miles to 60 miles.…

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