Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- H.R.1147
H.R.1147: CRE Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced March 17, 2011
- Latest Major Action March 17, 2011
Bill Sponsor
Bill Cosponsors
4 (2 Democrats, 2 Republicans)
Bill Summary
Community Recovery and Enhancement Act of 2011 or the CRE Act of 2011 - Amends the Internal Revenue Code to allow a tax deduction for payments made to reduce debt on eligible commercial property. Limits the amount of such deduction to the lesser of: (1) 50% of the excess of the amount of qualified debt secured by such property, (2) 50% of the fair market value of such property, (3) $10 million, or (4) the adjusted basis of such property at the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| March 17, 2011 |
Introduced in the House by Devin Nunes (R-Calif.) |