Summary: H.R.5339 — 100th Congress (1987-1988)All Information (Except Text)

There is one summary for H.R.5339. Bill summaries are authored by CRS.

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Introduced in House (09/22/1988)

Excludes from gross income, for purposes of both the Federal and the Guam territorial income tax, any amount received in connection with judicial review by the District Court of Guam of certain claims adjudicated between July 21, 1944, and August 23, 1963, concerning just compensation for land.

Applies the exclusion retroactively to taxable years 1986 and thereafter.