Code · BILL · 115th Congress · H.R. 1 (Reported in House) — To provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fiscal year 2018. · Sec. 3312

Sec. 3312. Repeal of special rule for sale or exchange of patents

114 words·~1 min read·/bill/115/hr/1/rh/section-3312

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

Part IV of subchapter P of chapter 1 is amended by striking section 1235 (and by striking the item relating to such section in the table of sections of such part). Section 483(d) is amended by striking paragraph (4). Section 901(l)(5) is amended by striking without regard to section 1235 or any similar rule and inserting without regard to any provision which treats a disposition as a sale or exchange of a capital asset held for more than 1 year or any similar provision . Section 1274(c)(3) is amended by striking subparagraph

(E)and redesignating subparagraph

(F)as subparagraph (E). The amendments made by this section shall apply to dispositions after December 31, 2017.