HR 5587 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide for the nonrecognition of gain on sales and exchanges of capital assets when the proceeds are reinvested in securities issued by domestic corporations.

Introduced 1982-02-24· Sponsored by Rep. Conable, Barber B., Jr. [R-NY-35]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1982-02-24)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide for the nonrecognition of gain on sales and exchanges of capital assets if the proceeds are reinvested in securities issued by domestic corporations.…

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

Cosponsors (1)

1 Republican
Rep. Badham, Robert E. [R-CA-40]CA