S 257 · 97th Congress · Taxation
A bill to amend the Internal Revenue Code to allow armed forces more time to reinvest the proceeds of sale of a principal residence without recognition of gain when they have served on extended active duty outside the United States.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read second time and referred to Senate Committee on Finance.(1981-01-27)
Plain Language Summary
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Amends the Internal Revenue Code to extend the time period in which Armed Forces members who have served on extended active duty outside the United States may reinvest the proceeds of sale of a principal residence without recognition of gain.…
Summarized by Claude AI · Non-partisan · For informational purposes only