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- H.R.5943
H.R.5943: CRE Act of 2010
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced July 29, 2010
- Latest Major Action July 29, 2010
Bill Sponsor
Bill Summary
Community Recovery and Enhancement Act of 2010 or the CRE Act of 2010 - Amends the Internal Revenue Code to allow a new tax deduction for 50% of equity investment in a partnership (qualified debt reduction equity investment) and 50% of any payment on commercial real property (qualified debt reduction payment) made to reduce the principal amount of the qualified indebtedness of such partnership or commercial property. Defines "qualified...
(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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July 29, 2010 |
Introduced in the House by Shelley Berkley (D-Nev.) |