HR 6358 · 97th Congress · Taxation
A bill to prevent retroactive recharacterization for tax purposes of certain binding lease contracts that include a terminal rental adjustment clause.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1982-05-12)
Plain Language Summary
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Requires that, unless otherwise provided by law or by Treasury regulations, a lessor of motor vehicles (including trailers) be permitted to continue to treat such property as depreciable property without regard to the presence in a lease of a terminal adjustment clause.…
Summarized by Claude AI · Non-partisan · For informational purposes only