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United States · Bill · HR

H.R. 10817 (94th)

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

referredUnited States· United States Congress· EN

Introduced

19 November 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

1 August 2024

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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.

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Documents

1 official file

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