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S 3616 109th Congress Senate Taxation Affordable housing Apartment houses Capital gains tax Commerce Depreciation and amortization Housing and Community Development Income tax Residential rehabilitation Tax exclusion

Affordable Housing Preservation Act of 2006

Introduced: June 29, 2006 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 29, 2006
Read twice and referred to the Committee on Finance.
Jun 29, 2006
Sponsor introductory remarks on measure. (CR S6802-6803)
Jun 29, 2006
Introduced in Senate
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 Plain-English summary Congressional Research Service

Affordable Housing Preservation Act of 2006 - Amends the Internal Revenue to exclude from gross income gain from the sale or exchange of certain multifamily housing property to a housing agency or related organization (preservation entity) that agrees to maintain certain affordability and use restrictions for such property. Limits the excludable amount of such gain to the depreciation adjustments for such property.

What's happening now June 29, 2006

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 3715 Related bill Affordable Housing Preservation Tax Relief Act of 2005
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Murray, Patty
Washington · Jun 29, 2006
 D
Reed, Jack
Rhode Island · Jun 29, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3616: Affordable Housing Preservation Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-S-3616/
MLA
"S. 3616: Affordable Housing Preservation Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-3616/.
Bluebook (legal)
S. 3616, 109th Cong. (2026), https://openamerica.io/bill/109-S-3616/.
Markdown link
[S. 3616: Affordable Housing Preservation Act of 2006](https://openamerica.io/bill/109-S-3616/)
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