HR 10416 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow deferral of gain from sale or exchange of certain livestock due to flooding.

Introduced 1975-10-29· Sponsored by Rep. Andrews, Mark [R-ND-At Large]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-10-29)

Plain Language Summary

[AI summary unavailable — showing source text] Allows deferral of gain for tax purposes from the sale or exchange of livestock due to flooding by authorizing the treatment of such sale or exchange as an involuntary conversion under the Internal Revenue Code.…

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