H.R. 1563 (95th): A bill to repeal the carryover basis provisions added by the Tax Reform Act of 1976.

Introduced:
Jan 10, 1977 (95th Congress, 1977–1978)
Status:
Died (Referred to Committee)
See Instead:

H.R. 12949 (same title)
Referred to Committee — Jun 02, 1978

H.R. 12715 (same title)
Referred to Committee — May 15, 1978

H.R. 12114 (same title)
Referred to Committee — Apr 13, 1978

H.R. 10933 (same title)
Referred to Committee — Feb 14, 1978

H.R. 10624 (same title)
Referred to Committee — Jan 31, 1978

H.R. 10298 (same title)
Referred to Committee — Dec 15, 1977

H.R. 9946 (same title)
Referred to Committee — Nov 03, 1977

H.R. 9693 (same title)
Referred to Committee — Oct 20, 1977

H.R. 9587 (same title)
Referred to Committee — Oct 17, 1977

H.R. 9444 (same title)
Referred to Committee — Oct 05, 1977

H.R. 9391 (same title)
Referred to Committee — Sep 30, 1977

H.R. 9221 (same title)
Referred to Committee — Sep 20, 1977

S. 1696 (same title)
Referred to Committee — Jun 15, 1977

H.R. 7734 (same title)
Referred to Committee — Jun 10, 1977

H.R. 7637 (same title)
Referred to Committee — Jun 07, 1977

H.R. 6842 (same title)
Referred to Committee — May 03, 1977

H.R. 6123 (same title)
Referred to Committee — Apr 06, 1977

H.R. 5278 (same title)
Referred to Committee — Mar 21, 1977

H.R. 5254 (same title)
Referred to Committee — Mar 21, 1977

H.R. 5242 (same title)
Referred to Committee — Mar 21, 1977

H.R. 5241 (same title)
Referred to Committee — Mar 21, 1977

H.R. 4774 (same title)
Referred to Committee — Mar 09, 1977

H.R. 3859 (same title)
Referred to Committee — Feb 23, 1977

H.R. 3703 (same title)
Referred to Committee — Feb 17, 1977

H.R. 3640 (same title)
Referred to Committee — Feb 17, 1977

H.R. 3446 (same title)
Referred to Committee — Feb 09, 1977

H.R. 2674 (same title)
Referred to Committee — Jan 31, 1977

H.R. 1733 (same title)
Referred to Committee — Jan 11, 1977

Sponsor
Barber Conable Jr.
Representative for New York's 35th congressional district
Party
Republican
Related Bills
H.R. 13 (96th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jan 15, 1979

H.R. 12949 (identical)

Referred to Committee
Last Action: Jun 02, 1978

 
Status

This bill was introduced on January 10, 1977, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 10, 1977
Referred to Committee Jan 10, 1977
 
Summary

No summaries available.

Cosponsors
none
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


1/10/1977--Introduced.
Amends the Internal Revenue Code to repeal the carryover basis provisions enacted by the Tax Reform Act which provide that beneficiaries receiving property from a decedent's estate will retain the decedent's basis in the property. Restores prior law which "stepped up" or "stepped down" the property's basis to its market value at the time of death without imposing tax consequences on the appreciation or depreciation the property underwent while held by the decedent.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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