H.R. 5470 (95th): A bill to amend the Internal Revenue Code of 1954 to provide for an extension of the period during which an individual must purchase a new residence for nonrecognition of gain on the sale of an old residence in the case of members of the Armed Forces who are stationed overseas or who are required to reside in Government quarters.

Mar 23, 1977 (95th Congress, 1977–1978)
Died (Referred to Committee)
Philip “Phil” Crane
Representative for Illinois's 12th congressional district
Related Bills
H.R. 12950 (identical)

Referred to Committee
Last Action: Jun 02, 1978


This bill was introduced on March 23, 1977, in a previous session of Congress, but was not enacted.

Introduced Mar 23, 1977
Referred to Committee Mar 23, 1977

No summaries available.


House Ways and Means

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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GovTrack’s Bill Summary

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Library of Congress Summary

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

Amends the Internal Revenue Code to extend the repurchase deadlines for nonrecognition of gain on the sale of former residences in the case of members of the armed forces who are stationed overseas or are required to live in government quarters.

House Republican Conference Summary

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