HR 4197 · 98th Congress · Finance and Financial Sector

A bill to amend the Internal Code of 1954 with respect to the treatment of income from certain aircraft.

Introduced 1983-10-24· Sponsored by Rep. Gibbons, Sam [D-FL-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1983-10-24)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to treat as income from sources within the United States any income derived from the lease of an aircraft if such aircraft is used predominantly within the United States. (Present law treats such leases as income only if the aircraft is manufactured or constructed in the United States.)…

Summarized by Claude AI · Non-partisan · For informational purposes only