HR 11920 · 94th Congress · Taxation
A bill to terminate the use of exchange funds as a means of escaping income taxes on realized capital gains.
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Reported to Senate from the Committee on Finance with amendment, S. Rept. 94-1298.(1976-09-22)
Recorded Votes
PassedHouse · 1976-05-03
Yea 348Nay 14
PassedHouse · 1976-05-03
Yea 348Nay 14
Plain Language Summary
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Stipulates that gain or loss on transfers to investment companies or partnerships functioning as investment companies shall be considered realized and recognized gain or loss for purposes of taxation under the Internal Revenue Code.…
Summarized by Claude AI · Non-partisan · For informational purposes only