S 1549
98th Congress
Senate
Taxation
Education
Educational associations
Educational facilities
Income tax
Individual retirement accounts
Natural gas
Pension funds
Petroleum
Petroleum and petroleum products
Tax-deferred compensation plans
Tax-exempt organizations
A bill to amend the Internal Revenue Code of 1954 to permit individual retirement accounts, qualified retirement trusts and certain educational organizations to invest in working interests in oil and gas properties without incurring unrelated business taxable income.
Introduced: June 27, 1983
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 1983
Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 98-499.
Jun 30, 1983
Committee on Finance requested executive comment from OMB, Treasury Department, Energy Department.
Jun 27, 1983
Read twice and referred to the Committee on Finance.
Jun 27, 1983
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to allow individual retirement accounts, qualified retirement trusts and certain educational organizations to invest in working interests in domestic oil and gas properties without incurring unrelated business taxable income.
What's happening now
Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 98-499.
Committees of jurisdiction
2
Cosponsors
1