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.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1976-02-18)
Plain Language Summary
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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