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- S.2266
S.2266: Cooperative Tax Deduction Preservation Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Oct. 30, 2007
- Latest Major Action Oct. 30, 2007
Bill Sponsor
Bill Summary
Cooperative Tax Deduction Preservation Act of 2007 - Amends the Internal Revenue Code to set forth alternative tests for qualifying as a cooperative housing corporation for purposes of the tax deduction for payments to such corporations. Qualifies a corporation if: (1) 80% or more of the total square footage of the corporation's property is used or available for use by its tenant-stockholders for residential purposes, or (2) 90% of the...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Read twice and referred to the Committee on Finance.
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Oct. 30, 2007 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |