HR 10936 · 94th Congress · Taxation
A bill to provide for the income tax treatment of amounts received on the sale of property the cost of which was deducted as a business expense.
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Reported to Senate from the Committee on Finance, S. Rept. 94-1346.(1976-09-29)
Plain Language Summary
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Provides, under the Internal Revenue Code, in cases of gain from disposition of property whose purchase price was deducted as a business expense, such deduction shall be treated as allowed for depreciation.…
Summarized by Claude AI · Non-partisan · For informational purposes only