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- H.R.931
H.R.931: Low-Income Housing Preservation Act of 1995
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Feb. 14, 1995
- Latest Major Action July 12, 1995
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
45 (35 Democrats, 10 Republicans)
Bill Summary
Low-Income Housing Preservation Act of 1995 - Amends the Internal Revenue Code to provide a 15-year recovery period for the depreciation deduction for new investments to rehabilitate qualified low-income housing projects. Exempts $50,000 ($25,000 in the case of a separate return by a married individual) of such rehabilitation costs from the passive loss limitations. Provides a special rule for computing the depreciation deduction for such...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Committee Hearings Held.
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Committee Hearings Held.
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Feb. 14, 1995 |
Introduced in the House by William J. Jefferson (D-La.) |