H.R. 4620 — A bill to amend the Internal Revenue Code of 1986 to exclude from gross income the gain on certain sales of lands subject to ground leases.

Summary

Amends the Internal Revenue Code to exclude from gross income any gain derived from the sale, on or before December 31, 1995, to the lessee of land subject to a ground lease and on which the only buildings are residential.

Full Text

Related Legislation

S. 2541A bill to amend the Internal Revenue Code of 1986 to exclude from gross income the gain on certain sales of lands subject to ground leases.
1988-06-20Read twice and referred to the Committee on Finance.
Related

Legislative Actions

1988-05-17
Introduced in House
1988-05-17
Introduced in House
1988-05-17
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1986 to exclude from gross income the gain on certain sales of lands subject to ground leases.

Sponsors

Subjects

Summary

Full Text

Related Legislation

Legislative Actions

Ask about this bill