To amend the Internal Revenue Code of 1986 to treat options held by certain tax-exempt organizations to acquire low-income housing in the same manner as such options held by tenants of the housing.

Summary

Amends the Internal Revenue Code to treat options held by certain tax-exempt qualified nonprofit organizations to acquire low-income housing in the same manner as options held by tenants of the housing. Limits such treatment to organizations actively engaged in fostering low-income housing for at least three years, with boards of directors made up largely of local residents.

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Timeline

1. 19 September 1990

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 19 September 1990

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 September 1990

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 19 September 1990

  Open at official source

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Sponsors

• Rep. Donnelly, Brian J. [D-MA-11] · D · Sponsor
• · hswm00 · Standing

Related records

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