SRES 53
99th Congress
Senate
Taxation
Congress and Members of Congress
Income tax
Legislation
Tax administration
Tax reform
A resolution concerning the Internal Revenue Code.
Introduced: January 29, 1985
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 31, 1985
Committee on Finance requested executive comment from OMB, Treasury Department.
Jan 29, 1985
Referred to the Committee on Finance.
Jan 29, 1985
Introduced in Senate
Plain-English summary
Expresses the sense of the Senate that: (1) changes in the Internal Revenue Code shall have a general effective date no earlier than their date of enactment; (2) transactions and investments undertaken prior to the enactment of comprehensive tax reform by the Congress shall continue to be treated under the existing Federal income tax law; and (3) appropriate transition rules shall be incorporated in all tax legislation to assure that transactions planned and entered into in reliance upon existing law shall not be subject to new and adverse provisions.
What's happening now
Committee on Finance requested executive comment from OMB, Treasury Department.
Committees of jurisdiction
1
Cosponsors
1