HR 821 · 98th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to permit qualified pension funds and certain educational organizations to invest in working interests in oil and gas properties without incurring unrelated business taxable income.

Introduced 1983-01-25· Sponsored by Rep. Jenkins, Edgar L. [D-GA-9]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Select Revenue Measures.(1984-03-22)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit 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 (2)

1 Democrat1 Republican
Rep. Frenzel, Bill [R-MN-3]MN
Rep. Gephardt, Richard A. [D-MO-3]MO