Summary: S.2894 — 98th Congress (1983-1984)All Information (Except Text)

There is one summary for S.2894. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (07/31/1984)

Amends the Internal Revenue Code to reduce the rate of imputed interest for: (1) the first $250,000 of the sale price of residential property sold by an individual; (2) the first $1,500,000 of the sale price of farm property sold by an individual, partnership, estate or small business corporation; and (3) the first $500,000 of the sale price of real property associated with the sale of a trade or business.