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.

Introduced 1981-01-27· Sponsored by Sen. Boren, David L. [D-OK]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read second time and referred to Senate Committee on Finance.(1981-01-27)

Plain Language Summary

[AI summary unavailable — showing source text] 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