H.R.2887: Affordable Housing Preservation Tax Relief Act of 2009

About This Bill

Bill Sponsor

Bill Cosponsors

3 (2 Democrats, 2 Republicans)

Bill Summary

Affordable Housing Preservation Tax Relief Act of 2009 - Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of certain multifamily housing property to a housing credit agency or related organization (preservation entity) that agrees to maintain certain affordability and use restrictions for such property. Limits the excludable amount of such gain to the depreciation adjustments for such property.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
June 16, 2009

Introduced in the House by Artur Davis (D-Ala.)

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