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.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

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

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.