A bill to amend the provisions of the Internal Revenue code related to cooperative housing corporations.

Summary

Amends the Internal Revenue Code to lower from 80 to 50 percent the amount of income which a cooperative housing corporation must earn from tenant-shareholders to qualify as a cooperative housing corporation. Extends the three year grace period during which the original sponsor of a cooperative housing project is treated as a tenant-shareholder.

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

Timeline

1. 22 October 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

2. 22 October 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 26 October 1981

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department.

   Source: Committee

4. 6 November 1981

   Committee

   Subcommittee on Taxation and Debt Management took the following actions.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 22 October 1981

  Open at official source

Sponsors

• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• · ssfi00 · Standing

Related records

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