[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3035 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 3035

 To provide for a special application of section 1034 of the Internal 
                         Revenue Code of 1986.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 6, 1996

 Mrs. Mink of Hawaii introduced the following bill; which was referred 
                   to the Committee on Ways and Means

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                                 A BILL


 
 To provide for a special application of section 1034 of the Internal 
                         Revenue Code of 1986.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That, in the case of 
Rita Bennington--
            (1) who purchased her new principal residence (within the 
        meaning of section 1034 of the Internal Revenue Code of 1986) 
        in January 1992, and
            (2) who was unable to meet the requirements of such section 
        with respect to the sale of an old principal residence until 
        May 1994, because of unexpected delays caused by Hurricane 
        Iniki,
the Secretary of the Treasury, in the administration of section 1034 of 
the Internal Revenue Code of 1986, shall apply subsection (a) of such 
section by substituting ``2.5 years'' for ``2 years'' each place it 
appears.
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