Summary: H.R.5760 — 96th Congress (1979-1980)All Information (Except Text)

There is one summary for H.R.5760. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/31/1979)

Amends the Internal Revenue Code to set the basis of the income tax deduction for casualty loss of timber at not less than the fair market value immediately before such casualty. Provides for a ten-year carryback and a four-year carryover of such deduction.