HR 1383
108th Congress
House
Taxation
Capital gains tax
Commerce
Condominium (Housing)
Cooperative housing
Corporation taxes
Finance and Financial Sector
Housing and Community Development
Housing finance
Income tax
Stockholders
Tax exclusion
To amend the Internal Revenue Code of 1986 to provide tax relief for the conversion of cooperative housing corporations into condominiums.
Introduced: March 20, 2003
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 20, 2003
Referred to the House Committee on Ways and Means.
Mar 20, 2003
Introduced in House
Plain-English summary
Revises Internal Revenue Code provisions concerning distributions by cooperative housing corporations to provide that: (1) no gain or loss shall be recognized to a cooperative housing corporation on the distribution by such corporation of a dwelling unit to a stockholder in such corporation if such distribution is in exchange for the stockholder's stock in such corporation; and (2) no gain or loss shall be recognized to a stockholder of such corporation on the transfer of such stockholder's stock in an exchange described in clause (1). Provides for determining the basis of a dwelling unit.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1