,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #dbci  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #f1         
#bjai,mr4 ,s*iff introduc$ ! foll[+     
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to all[ =
 nonrecognition ( ga9 on real prop]ty   
sold = use z af=dable h\s+4  #a4 ,%ort  
title ,?is ,act may be cit$ z !         
,af=dable ,h\s+ ,inc5tives ,act ( #bjai4
  #b4 ,nonrecognition ( ga9 on prop]ty  
sold to public h\s+ ag5cies = use z     
af=dable h\s+  7a7 ,9 g5]al ,section    
#ajcc ( ! ,int]nal ,rev5ue ,code ( #aihf
 is am5d$ by r$esignat+ subsection 7k7 z
 subsection 7l7 & by ins]t+ aft]        
subsection 7j7 ! foll[+ new subsection3 
7k7 ,sales to public h\s+ ag5cies = use 
z af=dable h\s+  7#a7 ,9 g5]al ,=       
purposes ( ?is subtitle1 if real prop]ty
 is sold or o!rwise transf]r$ to a      
public h\s+ ag5cy 7z su* t]m is def9$ 9 
section #c7;b77#f7 ( ! ,unit$ ,/ates    
,h\s+ ,act ( #aicg7 = use or developm5t 

by su* ag5cy z af=dable h\s+ to c>ry out
 ! m&ate 7relat+ to af=dable h\s+7 ( su*
 ag5cy1 su* sale or transf] %all be     
treat$ z an involunt>y conv]sion to :i* 
?is section applies4  7#b7 ,special rule
 ) respect to p]iod )9 :i* prop]ty mu/  
be replac$ ,9 ! case ( a sale or transf]
 describ$ 9 p>agraph 7#a71 subsection   
7a77#b77;,b77i7 %all be appli$ by       
sub/itut+ #c ye>s = #b ye>s4  7#c7      
,special rule = real prop]ty held =     
productive use 9 trade or bus9ess ,=    
purposes ( subsection 7a71 if ! real    
prop]ty describ$ 9 p>agraph 7#a7 is held
 = productive use 9 a trade or bus9ess  
or = inve/m5t1 prop]ty ( a l k9d to be  
held ei!r = productive use 9 a trade or 
bus9ess or = inve/m5t %all be treat$ z  
prop]ty simil> or relat$ 9 s]vice or use
 to ! prop]ty s describ$4  4  7b7       
,effective date ,! am5dm5t made by ?is  
section %all apply to sales & transf]s  
made aft] ! date ( ! enactm5t ( ?is     
,act4