H.R. 1301 · 111th Congress

To amend the Internal Revenue Code of 1986 to suspend the 180-day period for completion of a like-kind exchange in the case of the bankruptcy of a qualified intermediary or an exchange accommodation titleholder.

Stage
In committee
Sponsor
J. Forbes
Introduced
2009-03-04
Latest action
2009-03-04 · Introduced in House

Summary

Amends Internal Revenue Code provisions allowing nonrecognition of gain from like-kind exchanges to suspend the 180-day period for completing such exchanges in cases involving exchange facilitators who have filed a bankruptcy petition.