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United States · Bill · HR

H.R. 3904 (100th)

A bill relating to the treatment of certain ground rents for purposes of the mortgage bond rules of the Internal Revenue Code of 1986.

openUnited States· United States Congress· EN

Introduced

3 February 1988

Last action

Status

Provisions of Measure Incorporated Into H.R.4333.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Fixes valuation standards for purposes of mortgage revenue bond purchase price requirements in connection with any ground lease having a remaining term of at least 35 years and a specified ground rent for at least the initial ten years of the term. Requires that pertinent Federal regulations be amended to reflect these standards.

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Documents

1 official file

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Sources

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