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HR 1672 105th Congress House

To amend the Internal Revenue Code of 1986 to permit tax-free distributions of property by cooperative housing corporations to its shareholders, and for other purposes.

Introduced: May 20, 1997 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Taxation Business income taxBusiness lossesCapital gains taxCommerce
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Cooperative housingCorporation taxesFinance and Financial SectorHousing and Community DevelopmentIncome taxLossesPersonal income taxStockholdersStocksTax deductionsTax exclusion
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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
May 20, 1997
Referred to the House Committee on Ways and Means.
May 20, 1997
Introduced in House
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 Latest action May 20, 1997

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to permit a tax-free (to corporation and shareholder) distribution of a dwelling unit by a cooperative housing corporation to its shareholder in exchange for the shareholder's stock in such corporation.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 1672: To amend the Internal Revenue Code of 1986 to permit tax-free distributions of property by cooperative housing corporations to its shareholders, and for other purposes.. 105th Congress. Open America. https://openamerica.io/bill/105-HR-1672/
MLA
"H.R. 1672: To amend the Internal Revenue Code of 1986 to permit tax-free distributions of property by cooperative housing corporations to its shareholders, and for other purposes.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-1672/.
Bluebook (legal)
H.R. 1672, 105th Cong. (2026), https://openamerica.io/bill/105-HR-1672/.
Markdown link
[H.R. 1672: To amend the Internal Revenue Code of 1986 to permit tax-free distributions of property by cooperative housing corporations to its shareholders, and for other purposes.](https://openamerica.io/bill/105-HR-1672/)
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