HR 15457 · 93th Congress · Taxation

A bill to amend section 1245(b) of the Internal Revenue Code of 1954, and for other purposes.

Introduced 1974-06-18· Sponsored by Rep. Broyhill, Joel T. [R-VA-10]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-06-18)

Plain Language Summary

[AI summary unavailable — showing source text] Provides for specified exceptions to the general rule, under the Internal Revenue Code, that the gain from dispositions of qualified depreciable property shall be treated as ordinary income. (Amends 26 U.S.C. 1245 (b))…

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