To amend the Internal Revenue Code of 1986 to allow individual retirement accounts to exclude income with respect to certain debt-financed real property from the tax on unrelated business taxable income.
Last action on Mar 8, 2001Referred to the House Committee on Ways and Means.
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Summary
Amends the Internal Revenue Code to allow individual retirement accounts to exclude from unrelated business taxable income certain debt-financed real property.
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