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HR 3719 97th Congress House Taxation Business and commerce Capital gains tax Income tax Tax exclusion Tax incentives

A bill to amend the Internal Revenue Code of 1954 to provide for the nonrecognition of gain on sales and exchanges of productive assets.

Introduced: May 28, 1981 See on congress.gov
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) 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
May 28, 1981
Referred to House Committee on Ways and Means.
May 28, 1981
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to provide that gain from the sale or exchange of productive assets shall be recognized for tax purposes only to the extent that the sales price of the productive asset exceeds the cost of replacement property purchased by the taxpayer within a two year period of the sale of such asset. Defines "productive asset" as any share of stock in a corporation or evidence of indebtedness, property used in a trade or business, and any real property used or rented for residential or business purposes, but not including property used as a principal residence.

What's happening now May 28, 1981

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Wyden, Ron
Oregon · Jun 25, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3719: A bill to amend the Internal Revenue Code of 1954 to provide for the nonrecognition of gain on sales and exchanges of productive assets.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-3719/
MLA
"H.R. 3719: A bill to amend the Internal Revenue Code of 1954 to provide for the nonrecognition of gain on sales and exchanges of productive assets.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-3719/.
Bluebook (legal)
H.R. 3719, 97th Cong. (2026), https://openamerica.io/bill/97-HR-3719/.
Markdown link
[H.R. 3719: A bill to amend the Internal Revenue Code of 1954 to provide for the nonrecognition of gain on sales and exchanges of productive assets.](https://openamerica.io/bill/97-HR-3719/)
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