HR 2570 · 93th Congress · Taxation

A bill to repeal section 453(d)(5) of the Internal Revenue Code of 1954.

Introduced 1973-01-22· 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.(1973-01-22)

Plain Language Summary

[AI summary unavailable — showing source text] Repeals the provisions of the Internal Revenue Code relating to the capital gain or loss treatment allowed on the disposition of installment obligations transferred to life insurance companies. (Repeals 26 U.S.C. 453(d)(5))…

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