To amend the Internal Revenue Code of 1986 to limit the deferral of gain for officers of the executive branch of the Federal Government in the case of the sale of property to comply with conflict-of-interest requirements.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to limit the deferral of gain for officers of the executive branch of the Federal Government in the case of the sale of property to comply with conflict-of-interest requirements., changes federal law or congressional policy affecting farmers, ranchers, and agricultural businesses. The main policy domain is Agriculture, Immigration, Government Operations.
Who Benefits and How
farmers, ranchers, and agricultural businesses may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, farmers, ranchers, and agricultural businesses may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HBE4477B5F8804ACBBD190877EBF7925D: 1. Short title This Act may be cited as the Trust and Modernization in Tax Governance Act or the TMTG Act.
- Section H8BF201F42745455C91052183EEA656EC: 2. Limitation for deferral of gain on sale of property to comply with conflict-of-interest requirements Section 1043(b) of the Internal Revenue Code of 1986 is...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to limit the deferral of gain for officers of the executive branch of the Federal Government in the case of the sale of property to comply with conflict-of-interest requirements., changes federal law or congressional policy affecting farmers, ranchers, and agricultural businesses.
Key Policy Areas
Agriculture, Immigration, Government Operations
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to limit the deferral of gain for officers of the executive branch of the Federal Government in the case of the sale of property to comply with conflict-of-interest requirements., changes federal law or congressional policy affecting farmers, ranchers, and agricultural businesses.
Policy Domains
Whole bill
Identified Gains
- farmers, ranchers, and agricultural businesses
Identified Costs
- federal implementing agencies
- farmers, ranchers, and agricultural businesses
Sponsors
Legislative Progress
IntroducedMr. Swalwell introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology