HR 7217 · 97th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to provide that the income of qualified trusts and educational organizations from domestic oil and gas wells shall be treated as passive income for purposes of the tax on unrelated business taxable income.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means(1982-09-29)
Plain Language Summary
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Amends the Internal Revenue Code to provide that the income of qualified employee benefit plans and medical education or research organizations from domestic oil and gas wells shall be treated as passive income for purposes of the tax on unrelated business taxable income.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
2 Democrats1 Republican