HR 8690 · 93th Congress · Taxation

A bill to amend section 1033 of the Internal Revenue Code of 1954.

Introduced 1973-06-14· Sponsored by Rep. Parris, Stanford E. (Stan) [R-VA-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-06-14)

Plain Language Summary

[AI summary unavailable — showing source text] Provides, under the Internal Revenue Code, that if real property held for investment is compulsorily or involuntarily converted into money after December 31, 1970, as a result of condemnation, or threat or imminence thereof, replacement property shall be treated as property similar or related in service or use to the property so converted. (Amends 26 U.S.C. 1033)…

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