HR 4823 · 97th Congress · Commerce

A bill to permit subchapter S corporations to hold business rental real estate property.

Introduced 1981-10-22· Sponsored by Rep. Jenkins, Edgar L. [D-GA-9]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-10-22)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to remove from the passive investment income limitation for subchapter S corporations any gross receipts derived from the rental of real property used in a trade or business.…

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