HR 6172
98th Congress
House
Taxation
Agriculture and Rural Affairs
Commerce
Farms
Housing and Community Development
Housing and Housing Finance
Housing finance
Income tax
Interest
Real property
Tax administration
A bill to amend the Internal Revenue Code of 1954 to clarify the application of the imputed interest and interest accrual rules in the case of sales of residences, farms, and real property held for trade, business or investment purposes.
Introduced: August 10, 1984
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 10, 1984
Referred to House Committee on Ways and Means.
Aug 10, 1984
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to exempt from the application of imputed interest rules: (1) the first $250,000 of the sale price of residential property sold by an individual; (2) the first $1,000,000 of the sale price of farm property; and (3) the first $500,000 of the sale price of business, trade, or investment property.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1