HR 947 · 107th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow individual retirement accounts to exclude income with respect to certain debt-financed real property from the tax on unrelated business taxable income.

Introduced 2001-03-08· Sponsored by Rep. Duncan, John J., Jr. [R-TN-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2001-03-08)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow individual retirement accounts to exclude from unrelated business taxable income certain debt-financed real property.…

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