S 2994 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide for the uniform treatment of certain outdoor advertising displays for income tax purposes.

Introduced 1976-02-18· Sponsored by Sen. Moss, Frank E. [D-UT]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1976-02-18)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow taxpayers to elect to treat property which constitutes an outdoor advertising display as real property, with respect to the involuntary conversion of real property held for productive use in a trade or business.…

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