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HR 406 103th Congress House

To amend the Internal Revenue Code of 1986 to modify the involuntary conversion rules for certain disaster-related conversions.

Introduced: February 18, 1993 See on congress.gov
Taxation Capital gains taxDisaster reliefDisastersHome ownership
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Housing and Community DevelopmentIncome taxProperty insuranceReal propertyTax exclusion
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 10, 1993
See H.R.2264.
Jan 5, 1993
Referred to the House Committee on Ways and Means.
Jan 5, 1993
Introduced in House
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 Latest action August 10, 1993

See H.R.2264.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to provide special rules with respect to the nonrecognition of gain for principal residences compulsorily or involuntarily converted as a result of a presidentially-declared disaster. Requires the nonrecognition of gain of insurance proceeds for the contents of such residences. Allows insurance proceeds from personal property and real property to be lumped together into one common fund. Extends the time to replace a principal residence from two years to four years.

 Related & companion bills 1
  • HR 2264 Procedurally related Omnibus Budget Reconciliation Act of 1993
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Independent 1
D
Pelosi, Nancy
California · Apr 20, 1993
 D
Norton, Eleanor Holmes
District of Columbia · Mar 2, 1993
 D
Schumer, Charles E.
New York · Feb 18, 1993
 I
Sanders, Bernard
Vermont · Jan 26, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 406: To amend the Internal Revenue Code of 1986 to modify the involuntary conversion rules for certain disaster-related conversions.. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-406/
MLA
"H.R. 406: To amend the Internal Revenue Code of 1986 to modify the involuntary conversion rules for certain disaster-related conversions.." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-406/.
Bluebook (legal)
H.R. 406, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-406/.
Markdown link
[H.R. 406: To amend the Internal Revenue Code of 1986 to modify the involuntary conversion rules for certain disaster-related conversions.](https://openamerica.io/bill/103-HR-406/)
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