A bill to amend the Internal Revenue Code of 1954 to provide for a distribution deduction for certain cemetery perpetual care fund trusts.
Provides to cemetery perpetual care fund trusts a deduction under the Internal Revenue Code of up to $5 per gravesite per taxable year in the case where the gravesites have been purchased by the cemetery corporation before the beginning of the taxable year and with respect to which gravesites there is an obligation of care and maintenance.
Amends the Tax Refrom Act of 1976 to move forward the effective date of three administrative provisions (jeopardy and termination assessments, administrative summons, and the minimum exemption from levy) from December 31, 1976, to February 28, 1977.
Provides that the amounts received by the Internal Revenue Service as reimbursement for costs incurred in making future private letter rulings and other determinations available for public inspection are to be treated as reimbursable to the Internal Revenue Service appropriation.
Measure considered in House.
Passed/agreed to in House: Measure passed House.
Measure passed House.
Referred to Senate Committee on Finance.
Reported to Senate from the Committee on Finance with amendments, S. Rept. 94-1317.
Reported to Senate from the Committee on Finance with amendments, S. Rept. 94-1317.
Call of calendar in Senate.
Measure considered in Senate.
Passed/agreed to in Senate: Measure passed Senate, amended.
Measure passed Senate, amended.
Resolving differences -- House actions: House agreed to Senate amendments.
House agreed to Senate amendments.
Measure enrolled in House.
Measure enrolled in Senate.
Measure presented to President.
Measure presented to President.
Signed by President.
Signed by President.
Public law 94-528.
Public law 94-528.
Enacted as Public Law 94-528
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line