H.R.5648 - A bill to amend the Internal Revenue Code of 1954 to clarify the treatment of certain taxes imposed with respect to sales of residential real property.98th Congress (1983-1984)
|Sponsor:||Rep. Udall, Morris K. [D-AZ-2] (Introduced 05/10/1984)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 05/10/1984 Referred to House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.5648 — 98th Congress (1983-1984)All Information (Except Text)
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.