Congress: 101th

Sponsor: Representative Pickle, J. J. (01/24/1989)

Committees: House - Ways and Means

Description: To amend the Internal Revenue Code of 1986 to provide that passive loss limitation shall not apply to deductions allowable for cash out-of-pocket expenses for taxes, interest, and trade or business expenses in connection with rental real estate activities in which the taxpayer actively or materially participates.

Lastest Action: 01/24/1989 Referred to the House Committee on Ways and Means.  (All Actions)

Official: H.R.642 -- 101th Congress