HR 7447 · 95th Congress · Income tax
A bill to amend the Internal Revenue Code of 1954 to treat certain income derived by tax-exempt organizations from investments in farmland as unrelated business taxable income.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1977-05-26)
Plain Language Summary
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Amends the Internal Revenue Code to tax the unrelated income of tax-exempt organizations which is derived from farm real property.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
3 Democrats