Summary: H.R.5648 — 98th Congress (1983-1984)All Information (Except Text)

There is one summary for H.R.5648. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/10/1984)

Amends the Internal Revenue Code to permit the deductibility of a tax imposed with respect to the sale of real property even though the tax is imposed on an amount less than the gross receipts of the sale.

Provides that a tax imposed for the sale of real property shall not be treated as a general sales tax, and therefore not deductible by the purchaser, unless the tax is separately stated.