A bill to amend subsection 167 (k) of the Internal Revenue Code to promote the rehabilitation of housing for families of low income.

Summary

Extends the provisions of the Internal Revenue Code to authorize a depreciation deduction for expenditures incurred to rehabilitate low-income rental housing from January 1, 1975, to January 1, 1981. Increases the aggregate amount limitation for such deduction from $15,000 to $20,000. Increases the amount of such expenses that must be incurred in 2 consecutive years by the taxpayer to be eligible for such deduction from $3,000 to $5,000.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 19 November 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 19 November 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 November 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 19 November 1975

  Open at official source

Sponsors

• Rep. Barrett, William A. [D-PA-1] · D · Sponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.