HR 3342 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to permit gain from certain involuntary or compulsory conversions to be reportable over a 10-year period.

Introduced 1981-04-30· Sponsored by Rep. Pashayan, Charles, Jr. [R-CA-17]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-04-30)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit ten-year averaging of gain from any involuntary conversion resulting from requisition or condemnation by the United States or any State.…

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