H.R.1784: Investment Property Opportunity Act of 2009

About This Bill

Bill Cosponsors

2 (2 Democrats, 1 Republican)

Bill Summary

Investment Property Opportunity Act of 2009 - Amends the Internal Revenue Code to exclude from gross income gain from the sale of residential real property that is: (1) located in a distressed housing area (i.e., a county with high foreclosure rates and declining housing fair market values); (2) acquired within 18 months after enactment of this Act; and (3) held for more than three years.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
March 30, 2009

Introduced in the House by Jared Polis (D-Colo.)

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