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- H.R.4386
H.R.4386: To amend the Internal Revenue Code of 1986 to provide for the tax treatment of section 42 housing cooperatives and the shareholders of such cooperatives, and for other purposes.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Aug. 3, 1998
- Latest Major Action Aug. 3, 1998
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to authorize, in the case of a housing cooperative eligible for the low-income housing tax credit: (1) nonresident shareholders to include such credit and the deduction for certain unpaid acquisition interest allowable to the cooperative proportionally in the calculation of their individual income taxes; and (2) resident shareholders to include the deduction for real estate taxes and interest paid by the...
(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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Aug. 3, 1998 |
Introduced in the House by James M. Ramstad (R-Minn.) |