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United States · Bill · S

S. 1318 (110th)

Affordable Housing Preservation Act of 2007

referredUnited States· United States Congress· EN

Introduced

7 May 2007

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

6 December 2025

Summary

Affordable Housing Preservation Act of 2007 - Amends the Internal Revenue to exclude from gross income gain from the sale or exchange of certain multifamily housing property to a housing agency or related organization (preservation entity) that agrees to maintain certain affordability and use restrictions for such property. Limits the excludable amount of such gain to the depreciation adjustments for such property.

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Documents

3 official files

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Sources

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