A bill to amend the Internal Revenue Code of 1954 to provide that condominium owners' or homeowners' associations will not be taxed on receipt of membership income.

Summary

Provides that nonprofit condominium owners' or homeowners' associations will not be taxed under the Internal Revenue Code on receipt of membership income which does not insure to the benefit of any individual member or non-member.

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

Timeline

1. 6 February 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 6 February 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 February 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 · 6 February 1975

  Open at official source

Sponsors

• Rep. Karth, Joseph E. [D-MN-4] · D · Sponsor
• · hswm00 · Standing

Related records

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