A bill to amend the Internal Revenue Code of 1954 to provide that the limitations of section 280A will not apply to rentals under shared equity financing arrangements.

Summary

Amends the Internal Revenue Code to provide that the limitations placed on tax deductions for the business or rental use of a home shall not apply to rentals under shared equity financing arrangements. Defines "shared equity financing agreement" for purposes of this Act.

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

Timeline

1. 8 July 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 8 July 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 July 1981

   Introduced

   Introduced in House

   Source: IntroReferral

4. 17 July 1981

   Referred

   Referred to Subcommittee on Select Revenue Measures.

   Source: Committee

5. 19 October 1981

   Committee

   Subcommittee Hearings Held.

   Source: Committee

6. 9 December 1981

   Committee

   For Further Action See H.R.4908.

   Source: Committee

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 · 8 July 1981

  Open at official source

Sponsors

• Rep. Duncan, John J. [R-TN-2] · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend section 280A of the Internal Revenue Code of 1954 with respect to rentals of dwelling units to family members, and for other purposes.