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HR 1102 105th Congress House

Low-Income Housing Preservation Act of 1997

Official title: To amend the Internal Revenue Code of 1986 to provide tax incentives to encourage the preservation of low-income housing.

Introduced: March 18, 1997 See on congress.gov
Taxation AccountingBusiness income taxBusiness lossesCommerce
More subjectsShow fewer subjects
Depreciation and amortizationFinance and Financial SectorHousing and Community DevelopmentIncome taxLow-income housingMinimum taxReal estate businessRental housingResidential rehabilitationSocial WelfareTax creditsTax deductions
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 1997
Referred to the House Committee on Ways and Means.
Mar 18, 1997
Introduced in House
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 Latest action March 18, 1997

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Low-Income Housing Preservation Act of 1997 - Amends the Internal Revenue Code to provide a 15-year recovery period for the depreciation deduction for new investments to rehabilitate qualified low-income housing projects. Exempts $50,000 ($25,000 in the case of a separate return by a married individual) of such rehabilitation costs from the passive loss limitations.

Provides a special rule for computing the depreciation deduction for such housing projects.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Clyburn, James E.
South Carolina · May 6, 1997
 D
Norton, Eleanor Holmes
District of Columbia · May 6, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1102: Low-Income Housing Preservation Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-HR-1102/
MLA
"H.R. 1102: Low-Income Housing Preservation Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-1102/.
Bluebook (legal)
H.R. 1102, 105th Cong. (2026), https://openamerica.io/bill/105-HR-1102/.
Markdown link
[H.R. 1102: Low-Income Housing Preservation Act of 1997](https://openamerica.io/bill/105-HR-1102/)
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