Mr. Bishop of New York (for himself and Mr. Hanna) introduced the following bill; which was referred to the Committee on Ways and Means
Introduced in House (IH)
To amend the Internal Revenue Code of 1986 to clarify that installment sales treatment shall not fail to apply to property acquired for conservation purposes by a State or local government or certain tax-exempt organizations merely because purchase funds are held in a sinking or similar fund pursuant to State law.
Timothy H. Bishop
Richard L. Hanna
Committee on Ways and Means (Standing)
732 North Capitol Street, NW, Washington, DC 20401-0001