HR 12826 · 95th Congress · Taxation

Technical Correction of Section 1034(d)

Introduced 1978-05-23· Sponsored by Rep. Gradison, Willis D., Jr. [R-OH-1]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-05-23)

Plain Language Summary

[AI summary unavailable — showing source text] Technical Correction of Section 1034(d) - Amends the Internal Revenue Code to provide that gain from the sale of a taxpayer's residence will not be deferred if within one year (instead of 18 months) before the date of such sale, the taxpayer sold his principal residence at a gain, and such gain was not recognized for income tax purposes.…

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