S 2822 · 98th Congress · Taxation

A bill to amend section 483 of the Internal Revenue Code of 1954 to provide that such section shall not apply to certain sales and exchanges of real property located in the United States used as a farm or in a closely held business.

Introduced 1984-06-28· Sponsored by Sen. Abdnor, James [R-SD]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB, Treasury Department, Agriculture Department.(1984-07-10)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt the sale or exchange of land used as a farm or in a closely held business from rules requiring the imputation of interest on certain deferred payments.…

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