HR 12950 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide for an extension of the period during which an individual must purchase a new residence for nonrecognition of gain on the sale of an old residence in the case of members of the Armed Forces who are stationed overseas or who are required to reside in Government-owned quarters.

Introduced 1978-06-02· Sponsored by Rep. Cederberg, Elford A. [R-MI-10]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-06-02)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to extend the repurchase deadlines for nonrecognition of gain on the sale of former residences in the case of members of the armed forces who are stationed overseas or are required to live in government quarters.…

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