A bill to make certain miscellaneous changes in the tax laws.
Public Law 96-613 · H.R. 7171 · 96th Congress · began in the House
Signed by Jimmy Carter (D) on Dec 28, 1980 · Taxation
Sponsor: Rep. Daniel Rostenkowski (D-IL-8)
Cosponsors (5): Rep. Raymond Lederer, Rep. Kenneth Holland,
Passage votes
- HouseMethod not stated
- SenateMethod not stated
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Amends the Internal Revenue Code to: (1) grant tax-exempt status to an annuity contract purchased by the Uniformed Services University of the Health Sciences for any employee who is a member of the civilian faculty or staff of such University; (2) set forth rules for the valuation of certain stock in a transferor railroad subject to a determination of final purposes of consolidated return regulations; (3) restore the availability of certain net operating loss carryovers to railroads in Conrail proceedings; (4) open tax returns or return information obtained by a State agency charged with the administration of State tax laws to State audit agencies for the purpose of auditing, for compliance with State law, the State agency which originally obtained such returns; (5) redefine exemptions from personal holding company tax treatment to include within the statutory exemption landing or finance businesses which make loans with maturities up to 144 months and which engage in revolving credit transactions and to eliminate the $1,000,000 cap on the amount of business expenses required for a determination that a corporation is a lending or finance business.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 18 actions.
- Dec 28, 1980Became lawBecame law · Signed by President.
- PresidentPresident · Public Law 96-613.
- Dec 18, 1980PresidentPresident · Measure presented to President.
- PresidentPresident · Measure enrolled in Senate.
- Dec 17, 1980PresidentPresident · Measure enrolled in House.
- Dec 13, 1980Resolving differencesResolving differences · Senate agreed to House amendments to certain Senate amendments.
- Resolving differencesResolving differences · Senate receded from certain amendment.
- Resolving differencesResolving differences · House disagreed to certain Senate amendment.
- Resolving differencesResolving differences · House agreed to Senate amendments with amendments.
- Resolving differencesResolving differences · House agreed to certain Senate amendments.
- FloorFloor · Measure passed Senate, amended.
- Nov 24, 1980CommitteeCommittee · Reported by Senate Finance Committee
- Jun 18, 1980CommitteeCommittee · Referred to Senate Finance Committee
- Jun 17, 1980FloorFloor · Measure passed House, amended, roll call #335 (393-17).House roll call 335
- FloorFloor · Measure called up under motion to suspend rules and pass in House.
- May 22, 1980CommitteeCommittee · Reported by House Ways and Means Committee
- Apr 24, 1980CommitteeCommittee · Referred to House Ways and Means Committee
- IntroducedIntroduced · Introduced in the House
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.