A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of certain conversions of residential rental property into condominium units.

Summary

Amends the Internal Revenue Code to permit a taxpayer to elect to treat the conversion of qualified residential real property into condominium units as a sale of property resulting in capital gain. Requires that the taxpayer own the property for five years preceding such conversion.

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

Timeline

1. 30 November 1982

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 30 November 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 November 1982

   Introduced

   Introduced in House

   Source: IntroReferral

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 · 30 November 1982

  Open at official source

Sponsors

• Rep. Stark, Fortney Pete [D-CA-9] · D · Sponsor
• Rep. Archer, Bill [R-TX-7] · R · Sponsor
• · hswm00 · Standing

Related records

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