HR 2980 · 109th Congress · Taxation

Eminent Domain Relief Act

Introduced 2005-06-17· Sponsored by Rep. Tancredo, Thomas G. [R-CO-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2005-06-17)

Plain Language Summary

[AI summary unavailable — showing source text] Eminent Domain Relief Act - Amends the Internal Revenue Code to allow the nonrecognition of gain from the involuntary conversion (by eminent domain) of taxpayer property. Exempts such taxpayer from certain tax rules for involuntary conversions, including the requirement that the condemned property be converted into similar property within a specified two-year period.…

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