HR 13532 · 93th Congress · Armed Forces and National Security

A bill to amend the Internal Revenue Code of 1954 to allow the nonrecognition of the gain from the sale of the principal residence of a member of the Armed Forces who is required to reside in Government-owned quarters if a new residence is purchased within 1 year after such member is no longer required to reside in such quarters.

Introduced 1974-03-14· Sponsored by Rep. Wilson, Robert C. [R-CA-40]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-03-14)

Plain Language Summary

[AI summary unavailable — showing source text] Authorizes, under the Internal Revenue Code, the nonrecognition of the gain from the sale of the principal residence of a member of the Armed Forces who is required to reside in Government-owned quarters if a new residence is purchased within one year after such member is no longer required to reside in such quarters.…

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