Bill summaries are authored by CRS.

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Public Law No: 93-625 (01/03/1975)


Allows, under the Tariff Schedules of the United States, the importation of upholstery regulators, upholsterer's regulating needles, and upholsterer's pins free of duty.

Extends by one year (to January 1, 1976) the period under existing law during which pollution control facilities, railroad rolling stock, rehabilitation housing and coal mine safety equipment may qualify for the 5-year amortization under the Internal Revenue Code.

Provides for specified treatment under such Code of foreclosure property acquired by real estate investment trusts.

Makes provision for the imposition of a tax on specified income of political organizations.