H.R.1491 - Affordable Housing Preservation Tax Relief Act of 2007

To amend the Internal Revenue Code of 1986 to provide an incentive to preserve affordable housing in multifamily housing units which are sold or exchanged. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to provide an incentive to preserve affordable housing in multifamily housing units which are sold or exchanged. as introduced.
  • Short: Affordable Housing Preservation Tax Relief Act of 2007 as introduced.

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Introduced
 
House
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Senate
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President
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03/12/07
 
 
 
 
 
 
 

Official Summary

3/13/2007--Introduced.Affordable Housing Preservation Tax Relief Act of 2007 - Amends the Internal Revenue to exclude from gross income gain from the sale or exchange of certain multifamily housing property to a housing credit agency or related organization (preservation entity) that agree

Official Summary

3/13/2007--Introduced.
Affordable Housing Preservation Tax Relief Act of 2007 - Amends the Internal Revenue to exclude from gross income gain from the sale or exchange of certain multifamily housing property to a housing credit agency or related organization (preservation entity) that agrees to maintain certain affordability and use restrictions for such property. Limits the excludable amount of such gain to the depreciation adjustments for such property.


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Recent Blog Coverage

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04/11/11
H.R.1491: Safety for Americans from Nuclear Weapons Testing Act ...

Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build pub

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12/10/08
Top 20 insane legal facts? | Ron Paul Wins! | Campaign for Liberty ...

of the United States…” March 9, 1933, Chapter 106, Section 5, subdivision (b) of the Trading with the Enemy Act of Oct. 6, 1917 (40 Stat. L. 411) amended as follows: “…any person within the United States.” See H.R. 1491. Public No.

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09/29/08
US POLITICAL FACTS - 20 THINGS YOU DO NOT WISH TO KNOW

See HR 1491 Public No. 1. I learned a lot a little too late. Do not learn as I did, take care & beware FTG. The sun shineth upon the dunghill, and is not corrupted. We fear things in proportion to our ignorance of them. ...

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