HR 3820 · 98th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to permit qualified retirement trusts and certain educational organizations to invest in working interests in oil and gas properties without incurring unrelated business taxable income.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Subcommittee Hearings Held.(1984-10-03)
Plain Language Summary
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Amends the Internal Revenue Code to permit individual retirement accounts, qualified pension funds and certain educational organizations to invest in working interests in oil and gas wells without incurring unrelated business taxable income.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (6)
5 Democrats1 Republican