Summary: H.R.4616 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.4616. Bill summaries are authored by CRS.

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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.