S 567 · 94th Congress · Taxation
A bill to amend the Internal Revenue Code with respect to nonrecognition of gain from the sale or exchange of a residence.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1975-02-05)
Plain Language Summary
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Revises the Internal Revenue Code to increase the time period to 18 months (now 12 months) during which a taxpayer must purchase a new residence in order to defer any gain on the sale of his old residence.…
Summarized by Claude AI · Non-partisan · For informational purposes only