REAL PROPERTY

Addresses

Tax Reform and the Preservation of America's Heritage: J. Jackson Walter, 19242 [16JY]

Amendments

Taxation: simplify rules on imputed interest rates (H.R. 2475), 17280, 17297, 17299, 17300, 17303, 17308, 17311, 17313, 17374 [26JN]

Analyses

Agricultural Land Value Stabilization Act (S. 1340), 16795 [21JN]

Amendments to the Uniform Relocation Act (S. 249)-765-767 [22JA]

Homeownership Opportunity Act (H.R. 2106), 8486 [18AP]

Permanent Rules on Imputed Interest Rates on Seller-Financed Property Sales (S. 217), 740 [22JA]

Appointments

Conferees: H.R. 2475, simplification of imputed interest rates, 22640 [1AU]

———H.R. 2475, simplify rules on imputed interest rates

Articles and editorials

American Conduits Help Filipinos Buy Real Estate, 19383 [17JY]

Area Banks are Favored Investments; Some Have Had Troubles, 19384 [17JY]

Dollar's Drain Link to Unrest in Philippines, 19384 [17JY]

Dual Taxation System Unearths Revenue, *****, 2844 [20FE]

Farm Crisis (excerpt), 3867 [27FE]

Farmland Declines in Value, Fed Says, 36825 [17DE]

Fight Looms in Congress Over Real Estate Taxes, 779 [22JA]

Filipino Foreign Investments (sundry), 31160-31178 [7NO]

Giving New Life to the Brownstones of Bedford-Stuyvesant, 27344 [10OC]

How Top Filipinos Hide Fortunes Overseas, 19379 [17JY]

Imputed Interest Rates, 17088 [25JN]

Marcos Foes Track Money But Keep Quiet for Now, 19385 [17JY]

Obscure Tax Rule on Certain Real Estate Sales May Trigger a Messy, Costly Fight in Congress (excerpt), 17086 [25JN]

Offshore Holdings Not Limited to Prominent Filipino Leaders, 19381 [17JY]

Property Tax Revolt, 2832 [20FE]

Sandinistas Seize Land of a Critic, 16466 [20JN]

Some Deals Sour, 19382 [17JY]

Tax Plan Is Already Altering Some Markets in Real Estate, 1252-1253 [29JA]

10 Top Filipinos and Some of Their U.S. Links, 19379 [17JY]

Two-Rate Tax of Five Cities Put on Film, *****, 2845 [20FE]

Wealthy Filipinos Find California Lucrative Territory for Investment, 19382 [17JY]

Win-Win Tax Bill for Everyone, 1471 [31JA]

Bills and resolutions

Aged: refundable credit for increases in real property tax and utility bills (see H.R. 476)

———refundable credit for property taxes on rent paid for principal residence (see H.R. 1167)

Agriculture: additional farm service building loans (see H.R. 1311)

———exemption from minimum tax for capital gains on sales of property by insolvent farmers (see H.R. 2277)

———imputed interest relative to sales of farm property (see H.R. 3307)

———restructure debt recovery program (see S. 719)

———stabilize value of farm assets (see H.R. 3307)

———tax exclusion of gain from sale of a farm by individual engaged in the trade or business of farming (see H.R. 3802)

Architect of the Capitol: acceptance of gifts and bequests of personal property and money for art collection (see H.R. 1874)

Banks and banking: availability of long-term capital for industrial mortgages (see S. 756)

———prompt payment of State and local property tax bills held in escrow (see H.R. 1360)

Burglary protection: tax credit for purchase and installation of security devises (see H.R. 1268)

Business use of property: repeal substantiation requirements for deductions (see H.R. 779)

Corporations: tax treatment of acquisition and management of real property for certain tax-exempt organizations (see S. 1808)

Cuba: claims by U.S. nationals for seized property (see H.J. Res. 474)

Dept. of Defense: competitive procedures for procurement of property and services (see H.R. 1552)

———disposal of excess property (see H.R. 1142)

Dept. of Justice: conditional acceptance of gifts, donations, or bequests of real or personal property (see S. 1409)

Diplomats: policy for hostile actions against U.S. property or personnel assigned abroad (see H.R. 169)

Divorce: property settlement agreements (see H.R. 352)

Drug abuse: forfeiture of substitute property (see H.R. 1125)

Economic Recovery Tax Act: application to certain 1973 transfers of property (see H.R. 1954)

Education: exclude value of family residence from eligibility calculations for basic grants (see H.R. 162)

Estate and gift taxes: repeal (see H.R. 93)

Estate tax: disregard certain items created by decedent during his life (see H.R. 1657)

———extend the period during which no recapture tax is imposed for certain decedents (see H.R. 1731)

Farm Credit System: mineral rights requirements for sales and exchanges of real property (see H.R. 2217)

Farmers Home Administration: improve disposition of acquired farmland (see S. 1844)

Farmland: establish method of determining value based on income-producing potential (see S. 1340)

Federal property: eligibility determination for certain assistance based on current assessed value (see H.R. 390)

———payments in lieu of taxes (see H.R. 394)

Firefighters: donations to certain volunteer organizations (see H.R. 3063)

Florida: funds for acquisition of certain property for park and recreation purposes (see H.R. 2059)

Foreign embassies: impact of certain acquisitions on local communities (see H.R. 1446)

Foreign investments: repeal capital gain tax on disposition (see H.R. 2763)

———repeal capital gains tax on disposition of real property (see S. 758)

Government: requirements for procurement through contracts with private sector (see H.R. 3357)

Government procurement: requirements (see H.R. 120)

Historic buildings: extend time to pay certain estate taxes (see H.R. 3672)

———special valuation of certified structures for estate tax purposes (see H.R. 3672)

Jackson, Harold L. and Anne A.: conveyance of real property in Virginia Beach, VA (see H.R. 741)

McKinney, TX: VA release of limitation on conveyed property (see H.R. 1818)

Mesquite, NV: transfer certain real property (see H.R. 3352)

Military bases: disposal of excess Federal real property (see H.R. 2984)

Miller, Commodore Perry: relief of estate (see H.R. 3322)

Miller, Perry: relief of estate (see H.R. 3322)

Modified Agricultural Debt Recovery Act: enact (see H.R. 2064)

Muskegon County, MI: GSA conveyance (see H.R. 1329)

Natural gas: disallow percentage depletion for lease bonuses or advance royalties relative to certain property (see H.R. 2367)

Pershing County, NV: convey certain real property to water conservation district (see S. 1772; H.R. 3625)

Petroleum: disallow percentage depletion for lease bonuses or advance royalties relative to certain property (see H.R. 2367)

Property debt instruments: tax treatment (see H.R. 242)

Property transactions: repeal tax treatment of certain seller-financed (see H.R. 549)

Public utilities: limitations on investment tax credit for property (see H.R. 1235)

Public works: administrative reform of program to assist persons and businesses displaced by Federal projects (see S. 249)

Religion: penalty for acts of vandalism against certain practices and property (see H.R. 665)

Seized and forfeited property: centralized management and disposal of (see H.R. 383)

Society of Real Estate Appraisers: anniversary tribute (see S. Con. Res. 151; H. Res. 202)

Southern Industrial Banking Corp.: validity of certain good faith transfers of property to depositors (see S. 285; H.R. 651)

States: prohibit sale in one State to agency or instrumentality of another State (see H.R. 2732)

Taxation: authorize alteration of estate tax on amended returns (see S. 540)

———effective date of enacted changes (see H. Res. 42)

———exclusion of certain interest from sale of agricultural land (see H.R. 544)

———exempt gain from sale of individual's principal residence (see H.R. 2082)

———exempt gain from sale of real property (see H.R. 2366)

———exemption for certain managing corporations or trusts (see H.R. 3301)

———exemption from minimum tax for capital gains on sales of property by insolvent farmers (see H.R. 2277)

———generation-skipping transfers (see H.R. 93)

———imputed interest rates (see S. 251)

———investment credit for purchase of certain used telecommunications property (see H.R. 152)

———investment tax credit for business use of property (see H.R. 750)

———make changes in real property investment trusts (see H.R. 2571)

———make permanent rules on imputed interest rates (see S. 217)

———modify application of imputed interest and interest accrual rules (see S. 56, 71)

———partial refund of taxes paid by low- and middle-income individuals (see H.R. 801)

———permanent rules on imputed interest and assumption of loans (see H.R. 2069)

———refundable credit for utility bills and tax increases (see H.R. 405)

———release of seized for collection of taxes (see H.R. 724)

———repeal capital gains on disposition of investments by foreign citizens (see S. 195)

———repeal certain recordkeeping requirements (see H.R. 1839, 1869, 1897)

———repeal certain recordkeeping requirements for business use of property and motor vehicles (see H.R. 750, 779, 783, 863, 884, 954, 981)

———repeal estate and gift taxes (see H.R. 2770)

———repeal maintenance of record on business use of certain property (see H.R. 589, 594, 614, 647, 728)

———State and local taxes paid by financial institutions on behalf of mortgagor, treated as paid on Dec. 31 (see H.R. 1804)

———transfers of real property (see H.R. 2366)

———treatment of debt instruments issued for property (see H.R. 878)

———treatment of proceeds of obligations secured from installment notes (see S. 624)

Unclaimed Property Act: enact (see S. 1780)

Virginia Beach, VA: conveyance of real property to Harold L. and Anne A. Jackson (see H.R. 741)

Cloture motions

Taxation: simplify rules on imputed interest rates (H.R. 2475), 17090 [25JN]

Colloquies

Simplification of rules on imputed interest rates, exchange between Senators Metzenbaum and Packwood, 25356 [1OC]

Factsheets

Permanent Imputed Interest Solution (S. 729), 6174 [26MR]

Permanent Rules on Imputed Interest Rates on Seller-Financed Property Sales (S. 251), 778 [22JA]

Letters

Continuing care facilities amendments to imputed interest rates legislation (H.R. 2475): Ronald A. Pearlman, 17296 [26JN]

Effects of proposed tax reforms on real estate investment: Webb Companies, Lexington, KY, 20164 [23JY]

Mortgage interest deductions on second homes: Brighton International Development Corp., 23449 [11SE]

Simplification of rules on imputed interest rates (H.R. 2475): David H. Brockway, 25357 [1OC]

Memorials of legislature

Louisiana, 23846 [16SE]

Michigan, 4812 [7MR]

Nevada, 16251 [19JN]

Petitions

Federal Quiet Title Act: Western States Land Commissioners Association, 462 [3JA]

Military acquisition of State trust lands: Western States Land Commissioners Association, 462 [3JA]

Press releases

Housing allowances for military and clergy: Dept. of the Treasury, 22394 [1AU]

Remarks in House

Adjustable rate mortgages: hearings on alleged underwriting abuses, 14555 [5JN]

Historic rehabilitation: tax credit, 19242 [16JY]

Home Equity Conversions Act: enact (H.R. 3204), 22755 [1AU]

Homeownership Opportunity Act: enact (H.R. 2106), 8486 [18AP]

Housing: mortgage interest deductions on second homes, 23449 [11SE]

———seller financing, 22517, 22518 [1AU]

Land ownership: restrictive covenants, 8265 [17AP]

Military housing: tax deductions for interest and real estate (H.R. 841), 16459 [19JN]

Mortgages: secondary market, 20165 [23JY], 20405 [24JY]

———tax deductions for interest on residential (H. Con. Res. 117), 8108 [16AP]

New York, NY: renovation efforts in Brooklyn, 27344 [10OC]

Real estate investment trusts: tax treatment (H.R. 2571), 12796 [21MY]

REIT Tax Provisions Revision Act: enact (H.R. 2571), 12796 [21MY]

Residential mortgages: tax deductions for interest (H. Con. Res. 117), 8103 [16AP]

Seller financing: provisions for small properties or business, 22801 [1AU]

Society of Real Estate Appraisers: commend on anniversary (H. Res. 202), 16156 [18JN]

Taxation: dual rate, *****, 2844 [20FE]

———interest rates on real estate, 8318 [17AP]

———proposed transfer tax, 10387 [2MY]

———retention of seized property in certain instances (H.R. 724), 1108 [24JA]

———simplify rules on imputed interest rates (H.R. 2475), 22522 [1AU]

———simplify rules on imputed interest rates (H.R. 2475), appointment of conferees, 22640 [1AU]

———simplify rules on imputed interest rates (H.R. 2475), consideration of conference report, 22640 [1AU]

Tax-exempt organizations: exempt from taxation corporations or trusts acquiring or managing real estate for other exempt organizations (H.R. 3301), 23682 [12SE]

Tenant Tax Equity Act: enact, 503 [3JA]

Remarks in Senate

Agriculture: imputed interest rates on sale or exchange of certain real property, 25648 [2OC]

———permit rollover of gain on sale of certain farmland (S. 1213), 13628 [23MY]

Corporations: tax treatment of acquisition and management of real property for certain tax-exempt organizations (S. 1808), 29748 [30OC]

Dept. of Defense: permit advance payment of housing allowance for military families (S. 762), 6224 [26MR]

———prohibit implementation of certain tax regulations relative to military housing allowances (S. 1595), 22392-22394 [1AU]

Farmers Home Administration: improve disposition of acquired farmland (S. 1844), 31178 [7NO]

———permit sale of development rights to certain land, 33086 [21NO]

Farmland: establish method of determining value based on income-producing potential (S. 1340), 16792 [21JN]

Hawaiian Home Commission Act: consent of Congress to State amendments (S.J. Res. 42), 1795 [5FE]

Housing: tax treatment of sale-leaseback arrangements by elderly (S. 324), 1470 [31JA]

Pershing County, NV: convey certain real property to water conservation district (S. 1772), 27968 [17OC]

Public works: administrative reform of program to assist persons and businesses displaced by Federal projects (S. 249), 761-767 [22JA]

Society of Real Estate Appraisers: anniversary, 23073 [9SE]

———commending (S. Con. Res. 51), 16292 [19JN]

———tribute, 27306 [10OC]

State and local government taxes: treatment (S. 315), 1239-1240 [29JA]

Taxation: clarify application of imputed interest rates on sale or exchange of certain real property (S. 71), 177 [3JA]

———imputed interest rates relative to certain farms and small businesses, 17303-17307 [26JN]

———imputed interest rates relative to continuing care facilities, 17280-17300 [26JN]

———make permanent rules on imputed interest rates (S. 217), 739 [22JA]

———make permanent rules on imputed interest rates (S. 251), 776-778 [22JA]

———make permanent rules relative to imputed interest and assumption of loans (S. 729), 6172-6175 [26MR]

———modify IRS application of imputed interest and interest accrual rules (S. 56), 138 [3JA]

———prohibit implementation of certain regulations relative to housing allowances for clergy (S. 1595), 22392-22394 [1AU]

———repeal capital gains on disposition of investments by foreign citizens (S. 195), 654 [21JA]

———repeal capital gains on disposition of investments by foreign citizens (S. 758), 6201 [26MR]

———simplify rules on imputed interest rates (H.R. 2475), 17275, 17307-17316 [26JN]

———simplify rules on imputed interest rates (H.R. 2475), appointment of conferees

———simplify rules on imputed interest rates (H.R. 2475), conference report, 25355-25361 [1OC]

———simplify rules on imputed interest rates (H.R. 2475), motion to proceed to consideration, 17082-17096 [25JN]

———simplify rules on imputed interest rates (H.R. 2475), unanimous-consent request, 17081 [25JN]

———treatment of income of farm cooperatives, 17307-17311 [26JN]

Unclaimed Property Act: enact (S. 1780), 28187 [21OC]

Uniform Relocation Assistance and Real Property Acquisition Policies Act: amend (S. 249), 22132-22136 [1AU]

Reports

Administrative Reform of Program To Assist Persons and Businesses Displaced by Federal Projects: Committee on Governmental Affairs (S. 249), 21407 [30JY]

Civil Penalties for False Claims Made by Certain Recipients of Property, Services, or Money, by Parties to Contracts, and by Federal Employees: Committee on Governmental Affairs (S. 1134) (H. Rept. 99-212), 35534 [10DE]

Conference: Defense Authorization Act (excerpt relative to housing allowances), 22392 [1AU]

Conveyance by Southern Pacific Transportation Co. To Ernest Pritchett and Wife: Committee on Governmental Affairs (S. 386), 33673 [2DE]

Simplify Taxation Rules on Imputed Interest Rates: committee of conference (H.R. 2475) (H. Rept. 99-250), 22681 [1AU]

Tax Treatment of Imputed Interest on Deferred Payment Sales of Property: Committee on Finance (H.R. 2475) (S. Rept. 99-83), 15714 [13JN]

Resolutions by organizations

Taxation of imputed interest rates: sundry associations, 177 [3JA]

Statements

Imputed Interest Rates: Ronald A. Pearlman (excerpt), 17093, 17094, 17095 [25JN]

———Senator Dole, 139-141 [3JA]

———Senator Metzenbaum (excerpt), 17088 [25JN]

Military Housing Allowances: John W. Vessey, Jr., 22393 [1AU]

Reductions in Farm Income and Land Values: Tom Huston, 32721 [20NO]

Sale of Property: VA, 11362 [9MY]

Tax Treatment: Morgan Stanley International Inc. (excerpt), 17093, 17094 [25JN]

Studies

Will Adjustable Rate Mortgages Survive?—Conclusion: Federal Reserve Bank of Cleveland, OH (excerpt), 14556 [5JN]

Summaries

REIT Tax Provisions Revision Act (H.R. 2571), 12797 [21MY]

Simplify Rules on Imputed Interest Rates (H.R. 2475): Committee on Finance, 17279 [26JN]

Tables

Farm real estate debt, by Farm Credit System district, 32135 [14NO]

Texts of

H. Res. 202, commend Society of Real Estate Appraisers on anniversary, 16157 [18JN]

H.R. 2475, tax treatment of imputed interest on deferred payment sales of property, 12726 [21MY]

H.R. 3204, Home Equity Conversions Act, 22756 [1AU]

Proposed real estate transfer tax, 10387 [2MY]

S. 56, modify IRS application of imputed interest and interest accrual rules, 141-144 [3JA]

S. 71, clarify application of imputed interest rates on sale or exchange of certain real property, 177-181 [3JA]

S. 195, repeal capital gains tax on disposition of investments in U.S. by foreign citizens, 655 [21JA]

S. 217, make permanent rules on imputed interest rates on seller-financed property sales, 740 [22JA]

S. 249, administrative reform of program to assist persons and businesses displaced by Federal public works projects, 761-764 [22JA]

S. 251, make permanent rules on imputed interest rates on seller-financed property sales, 778 [22JA]

S. 324, tax treatment of sale-leaseback arrangements on residential properties by elderly (S. 324), 1470 [31JA]

S. 729, make permanent rules relative to imputed interest and assumption of loans, 6173 [26MR]

S. 762, permit advance payment of housing allowance for military families, 6224 [26MR]

S. 1213, permit rollover of gain on sale of certain farmland, 13629 [23MY]

S. 1340, Agricultural Land Value Stabilization Act, 16793 [21JN]

S. 1595, prohibit implementation of certain tax regulations relative to military housing allowances, 22393 [1AU]

S. 1780, Unclaimed Property Act, 28187 [21OC]

S. 1844, improve disposition of farmland acquired by Farmer's Home Administration, 31179 [7NO]

S. Con. Res. 51, commending Society of Real Estate Appraisers, 16292 [19JN]

S.J. Res. 42, consent of Congress to Hawaiian Home Commission Act amendments, 1795 [5FE]