S. 1815 — A bill to amend the Internal Revenue Code of 1954 to exempt from taxation corporations which acquire and manage real property for certain other exempt organizations, and for other purposes.

Summary

Amends the Internal Revenue Code to grant tax-exempt status to corporations which acquire and manage real property for certain other tax-exempt organizations. Exempts such corporations from the application of the acquisition indebtedness rules applicable to the unrelated business income of tax-exempt organizations.

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Related Legislation

H.R. 4075A bill to amend the Internal Revenue Code of 1954 to exempt from taxation corporations which acquire and manage real property for certain other exempt organizations, and for other purposes.
1984-06-27See H.R.4170.
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Legislative Actions

1983-08-04
Introduced in Senate
1983-08-04
Read twice and referred to the Committee on Finance.
1983-08-20
Committee on Finance requested executive comment from OMB, Treasury Department.
1983-09-26
Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 98-527.

A bill to amend the Internal Revenue Code of 1954 to exempt from taxation corporations which acquire and manage real property for certain other exempt organizations, and for other purposes.

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