HR 5350 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide that no gain or loss will be recognized in the case of transfers of a principal residence in divorce or legal separation proceedings.

Introduced 1979-09-20· Sponsored by Rep. Frenzel, Bill [R-MN-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-09-20)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide for the nonrecognition of gain resulting from the transfer of the taxpayer's principle residence to his spouse (or former spouse) pursuant to a divorce or a written separation agreement.…

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