legislation: 97-s-3045
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 97-s-3045 | 97 | s | 3045 | A bill to amend the Internal Revenue Code of 1954 to allow home equity conversions through sale-leaseback arrangements. | Taxation | 1982-11-30 | 1982-12-07 | Committee on Finance requested executive comment from OMB; Treasury Department. | Senate | Sen. Specter, Arlen [R-PA] | PA | R | S000709 | 0 | Amends the Internal Revenue Code to allow the one-time exclusion of gain from the sale of a principal residence by a 55-year-old individual in transactions in which the seller retains a life estate and the proceeds are used to purchase a qualified joint and survivor annuity. Revises rules for depreciation in the case of life tenants and beneficiaries of trusts and estates to allow the depreciation deduction by the remainderman in the case of the above transactions. | 2023-05-11T13:18:18Z |