A bill to amend section 167 of the Internal Revenue Code of 1954 to encourage landlords to meet minimal housing standards by disallowing the depreciation deduction to a landlord who has been convicted of violating a housing code.

referredUnited States· United States Congress· EN

Introduced

14 January 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Disallows the depreciation deduction under the Internal Revenue Code to a landlord who has been convicted of violating a housing code, but states that such deduction shall be deemed to have been taken when computing the landlord's adjusted basis for purposes of determining gain from the disposition of such property.

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Documents

1 official file

Introduced in House
summary · EN · 14 January 1975
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/316
Open data entity: https://api.congress.gov/v3/bill/94/hr/316