Eminent Domain Relief for the Little Guy Act
Latest action · Jun 18, 2004 Sponsor introductory remarks on measure. (CR E1152-1153)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 17, 2004
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Jul 12, 2004 to Sep 8, 2004.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Major R. Owens | Jul 12, 2004 | |
| R-TX | Ron Paul | Jul 12, 2004 | |
| R-CO | Thomas G. Tancredo | Jul 12, 2004 | |
| R-NY | John M. McHugh | Sep 8, 2004 |
Actions 3
Everything that happened, newest first.
- Jun 18, 2004Sponsor introductory remarks on measure. (CR E1152-1153)
- Jun 17, 2004Introduced in House
- Jun 17, 2004Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jun 17, 2004Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.