Code · BILL · 115th Congress · H.R. 1 (Placed on Calendar Senate) — To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year... · Sec. 3311

Sec. 3311. Certain self-created property not treated as a capital asset

64 words·~1 min read·/bill/115/hr/1/pcs/section-3311

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 1221(a)(3) is amended by inserting a patent, invention, model or design (whether or not patented), a secret formula or process, before a copyright . Section 1231(b)(1)(C) is amended by inserting a patent, invention, model or design (whether or not patented), a secret formula or process, before a copyright . The amendments made by this section shall apply to dispositions after December 31, 2017.