HR 1672
105th Congress
House
Taxation
Business income tax
Business losses
Capital gains tax
Commerce
Cooperative housing
Corporation taxes
Finance and Financial Sector
Housing and Community Development
Income tax
Losses
Personal income tax
Stockholders
Stocks
Tax deductions
Tax exclusion
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
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
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1