To amend the Internal Revenue Code of 1986 to provide for nonrecognition of gain or loss on like-kind exchanges of certain residential real property, and for other purposes.
See how your representatives voted on this bill.
DeepSyte matches this bill to the issues you care about and shows whether your reps' votes line up — not party, not press releases. Take the 2-minute values quiz to see your alignment.
Alignment with your views
Sign in and take the values quiz to see how this bill lines up with what you've said.
Summary
Based on the bill's title, it would amend the Internal Revenue Code of 1986 to allow nonrecognition of gain or loss on like-kind exchanges of certain residential real property, meaning that qualifying exchanges of such property would not be treated as taxable sales at the time of exchange. The bill was referred to the House Committee on Ways and Means, and the full text was not available, so the specific eligibility criteria and mechanics cannot be confirmed from this information.
Values analysis
Sign in and take the values quiz to get a personalized read on how this bill lines up with your positions.
How your representatives voted
Sign in to see how your representatives voted on this bill.