United States · Bill · S
S. 48 (107th)
A bill to amend the Internal Revenue Code of 1986 to provide tax relief for the conversion of cooperative housing corporations into condominiums.
Introduced
22 January 2001
Last action
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Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S320)
Sponsors
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Subjects
Discovery layer
Source updated
7 April 2025
Summary
Revises Internal Revenue Code provisions concerning distributions by cooperative housing corporations to provide that: (1) no gain or loss shall be recognized to a cooperative housing corporation on the distribution by such corporation of a dwelling unit to a stockholder in such corporation if such distribution is in exchange for the stockholder's stock in such corporation; and (2) no gain or loss shall be recognized to a stockholder of such corporation on the transfer of such stockholder's stock in an exchange described in clause (1). Provides determining the basis of a dwelling unit.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 22 January 2001
Introduced in Senate (PDF)
Introduced in Senate · EN · 22 January 2001
Introduced in Senate
summary · EN · 22 January 2001
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/107th-congress/senate-bill/48
- Open data entity: https://api.congress.gov/v3/bill/107/s/48