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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Eminent Domain Relief for the Little Guy Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to provide for the nonrecognition of gain on real property held by individuals or small businesses which is involuntarily converted as the result of the exercise of eminent domain, without regard to whether such property is replaced.

Actions Overview (1)

06/17/2004Introduced in House

All Actions (3)

06/18/2004Sponsor introductory remarks on measure. (CR E1152-1153)
Action By: House of Representatives
06/17/2004Referred to the House Committee on Ways and Means.
Action By: House of Representatives
06/17/2004Introduced in House
Action By: House of Representatives

Cosponsors (4)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Owens, Major R. [D-NY-11] 07/12/2004
Rep. Paul, Ron [R-TX-14] 07/12/2004
Rep. Tancredo, Thomas G. [R-CO-6] 07/12/2004
Rep. McHugh, John M. [R-NY-23] 09/08/2004

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means06/17/2004 Referred to

No related bill information was received for H.R.4603.

Subjects (10)

Latest Summary (1)

There is one summary for H.R.4603. View summaries

Shown Here:
Introduced in House (06/17/2004)

Eminent Domain Relief for the Little Guy Act - Amends the Internal Revenue Code to allow the nonrecognition of gain from the involuntary conversion (by eminent domain) of property held by individuals, corporations, or partnerships with gross receipts of $5 million or less. Exempts such taxpayers from certain tax rules for involuntary conversions, including the requirement that the condemned property be converted into similar property within a specified two-year period.