H.R.4616 - To amend the Internal Revenue Code of 1986 with respect to treatment of certain bargain sales of real property.102nd Congress (1991-1992)
|Sponsor:||Rep. Zimmer, Dick [R-NJ-12] (Introduced 03/26/1992)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 03/26/1992 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4616 — 102nd Congress (1991-1992)All Information (Except Text)
Introduced in House (03/26/1992)
Amends the Internal Revenue Code to require taking into account, for purposes of determining gain, the entire adjusted basis of property sold to a tax-exempt charitable organization as conservation property.
Provides for determining the fair market value of restrictions on such property for purposes of determining the allowable deduction.