summary
Introduced
01/03/2017
01/03/2017
In Committee
01/03/2017
01/03/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
No Windfalls for Government Service Act This bill amends the Internal Revenue Code to establish a $1 million lifetime limitation on the nonrecognition of a taxpayer's gains from the sale of property pursuant to a certificate of divesture to comply with conflict-of-interest requirements for certain federal government positions.
AI Summary
This bill amends the Internal Revenue Code to establish a $1 million lifetime limitation on the nonrecognition of a taxpayer's gains from the sale of property to comply with conflict-of-interest requirements for certain federal government positions. The bill aims to prevent high net worth individuals from receiving tax windfalls when entering government service.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Read twice and referred to the Committee on Finance. (on 01/03/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/senate-bill/13/all-info |
| BillText | https://www.congress.gov/115/bills/s13/BILLS-115s13is.pdf |
| Bill | https://www.congress.gov/115/bills/s13/BILLS-115s13is.pdf.pdf |
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