Amends the Internal Revenue Code to require that in cases of gain from the disposition of property acquired after December 31, 1975, any portion of whose purchase price was deducted as a business expense, such amount so deducted shall be treated as allowed for depreciation.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Reported to House from the Committee on Ways and Means with amendment, H. Rept. 94-1350.
Reported to House from the Committee on Ways and Means with amendment, H. Rept. 94-1350.
Measure called up under motion to suspend rules and pass in House.
Measure considered in House.
Passed/agreed to in House: Measure passed House, amended.
Measure passed House, amended.
Referred to Senate Committee on Finance.
Reported to Senate from the Committee on Finance, S. Rept. 94-1346.
Reported to Senate from the Committee on Finance, S. Rept. 94-1346.
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