# Pub. L. 104-7: changes to the Internal Revenue Code

1995-04-11, 109 Stat. 95. Source: <https://www.govinfo.gov/link/plaw/104/public/7>.

## Legislative history

- Bill: [H.R. 831](https://www.congress.gov/bill/104th-congress/house-bill/831)
- House report: [H. Rept. 104-32](https://www.govinfo.gov/content/pkg/CRPT-104hrpt32/html/CRPT-104hrpt32.htm)
- Senate report: [S. Rept. 104-16](https://www.govinfo.gov/content/pkg/CRPT-104srpt16/html/CRPT-104srpt16.htm)
- Conference report: [H. Rept. 104-92](https://www.govinfo.gov/content/pkg/CRPT-104hrpt92/html/CRPT-104hrpt92.htm)

## § 32: Earned income

- § 32(i), § 32(j), § 32(k): Pub. L. 104–7 added subsec. (i) and redesignated former subsecs. (i) and (j) as (j) and (k), respectively.

## § 162: Trade or business expenses

- § 162(l)(1): Pub. L. 104–7, § 1(b), substituted “30 percent” for “25 percent”.
- § 162(l): Pub. L. 104–7, § 1(a), struck out par. (6) “Termination” which read as follows: “This subsection shall not apply to any taxable year beginning after December 31, 1993.”

## § 1033: Involuntary conversions

- § 1033(i): Pub. L. 104–7, § 3(a)(1), added subsec. (i). Former subsec. (i) redesignated (j).
- § 1033(j): Pub. L. 104–7, § 3(b)(1), added subsec. (j). Former subsec. (j) redesignated (k).
- § 1033(j): Pub. L. 104–7, § 3(a)(1), redesignated subsec. (i) as (j).
- § 1033(k): Pub. L. 104–7, § 3(b)(1), redesignated subsec. (j) as (k).

## § 1245: Gain from dispositions of certain depreciable property

- § 1245(b)(5): Pub. L. 104–7 struck out “1071 and” before “1081 transactions” in heading and “section 1071 (relating to gain from sale or exchange to effectuate policies of FCC) or” before “section 1081” in text.

## § 1250: Gain from dispositions of certain depreciable realty

- § 1250(d)(5): Pub. L. 104–7 struck out “1071 and” before “1081 transactions” in heading and “section 1071 (relating to gain from sale or exchange to effectuate policies of FCC) or” before “section 1081” in text.