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Code · BILL · 113th Congress · H.R. 48 (Introduced in House) · Preamble

Preamble. To amend the Internal Revenue Code of 1986 to clarify that installment sales treatment shall not fail to apply to pro...

92 words·~1 min read·/bill/113/hr/48/ih/preamble

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To amend the Internal Revenue Code of 1986 to clarify that installment sales treatment shall not fail to apply to property acquired for conservation purposes by a State or local government or certain tax-exempt organizations merely because purchase funds are held in a sinking or similar fund pursuant to State law. — Sponsor: Mr. Bishop of New York — Cosponsors: Mr. Hanna — Actions: January 3, 2013 — Mr. Bishop of New York (for himself and Mr. Hanna) introduced the following bill; which was referred to the Committee on Ways and Means
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