Amends the Internal Revenue Code, with respect to capital gains and losses, to restore the prior law treatment of corporate reorganizations by providing a special rule for determining issue price in the case of exchange of debt instruments in such reorganizations.
Increases the mileage requirement for the moving expenses deduction from 35 miles to 60 miles.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Reported by the Committee on Ways and Means. H. Rept. 102-744.
Reported by the Committee on Ways and Means. H. Rept. 102-744.
Placed on the Union Calendar, Calendar No. 430.
Mr. Gibbons moved to suspend the rules and pass the bill.
Considered under suspension of the rules.
DEBATE - The House proceeded with forty minutes of debate.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.
On motion to suspend the rules and pass the bill Agreed to by voice vote.
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and read twice and referred to the Committee on Finance.
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