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H.R. 4603 · 108th Congress

Eminent Domain Relief for the Little Guy Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

4 cosponsors · 1 D, 3 R

0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Eminent Domain Relief for the Little Guy Act - Amends the Internal Revenue Code to allow the nonrecognition of gain from the involuntary conversion (by eminent domain) of property held by individuals, corporations, or partnerships with gross receipts of $5 million or less.

What it does: CRS summary · Introduced in House · Jun 17, 2004

Eminent Domain Relief for the Little Guy Act - Amends the Internal Revenue Code to allow the nonrecognition of gain from the involuntary conversion (by eminent domain) of property held by individuals, corporations, or partnerships with gross receipts of $5 million or less. Exempts such taxpayers from certain tax rules for involuntary conversions, including the requirement that the condemned property be converted into similar property within a specified two-year period.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Eminent Domain Relief for the Little Guy Act

Latest action (Jun 18, 2004): Sponsor introductory remarks on measure. (CR E1152-1153)

Policy area: Taxation · Origin: House · Introduced: Jun 17, 2004

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.