A bill to permit certain cooperative and condominium associations to accrue without tax liability, a portion of dues and other income received for the purposes of maintaining and caring for its property and for other purposes.

Summary

Provides, under the Internal Revenue Code, an income tax exemption to cooperative housing associations. Defines cooperative housing associations as cooperative housing corporations, condominuims, or residential real estate management associations. Defines cooperative housing association taxable income.

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

Timeline

1. 4 June 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 4 June 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 June 1975

   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 · 4 June 1975

  Open at official source

Sponsors

• Rep. Hinshaw, Andrew J. [R-CA-40] · R · Sponsor
• · hswm00 · Standing

Related records

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