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H.R. 6358 (97th): A bill to prevent retroactive recharacterization for tax purposes of certain binding lease contracts that include a terminal rental adjustment clause.

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

5/12/1982--Introduced. Requires that, unless otherwise provided by law or by Treasury regulations, a lessor of motor vehicles (including trailers) be permitted to continue to treat such property as depreciable property without regard to the presence in a lease of a terminal adjustment clause.