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S 3669 117th Congress Senate Taxation

1031 Exchange Improvement Act

Introduced: February 16, 2022 Introduced by: Lee, Mike Republican · Utah See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 16, 2022
Read twice and referred to the Committee on Finance.
Feb 16, 2022
Introduced in Senate
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 Plain-English summary Congressional Research Service

1031 Exchange Improvement Act

This bill revises the tax rule allowing deferral of gain for like kind exchanges of commercial property. (That rule provides that no gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment if such real property is exchanged solely for real property of like kind.)

Specifically, the bill eliminates the requirement that a substitute property be identified within 45 days of the sale of the original property.

What's happening now February 16, 2022

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Cruz, Ted
Texas · Feb 16, 2022
 R
Marshall, Roger
Kansas · Feb 16, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3669: 1031 Exchange Improvement Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-3669/
MLA
"S. 3669: 1031 Exchange Improvement Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3669/.
Bluebook (legal)
S. 3669, 117th Cong. (2026), https://openamerica.io/bill/117-S-3669/.
Markdown link
[S. 3669: 1031 Exchange Improvement Act](https://openamerica.io/bill/117-S-3669/)
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