There is one summary for S.1740. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (05/14/1975)

Provides that a Government department that has custody and control of real property transferred on or after January 1, 1976, from the Reconstruction Finance Corporation shall pay to the appropriate State and local taxing authorities an amount equal to the amount of real property tax which would be payable if such property were owned privately.