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S 2266 110th Congress Senate

Cooperative Tax Deduction Preservation Act of 2007

Official title: A bill to amend the Internal Revenue Code to provide for an alternative test for qualifying as a cooperative housing corporation.

Introduced: October 30, 2007 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Taxation Cooperative housingHousing and Community DevelopmentIncome taxTax deductions
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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
Oct 30, 2007
Read twice and referred to the Committee on Finance.
Oct 30, 2007
Introduced in Senate
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 Latest action October 30, 2007

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Cooperative Tax Deduction Preservation Act of 2007 - Amends the Internal Revenue Code to set forth alternative tests for qualifying as a cooperative housing corporation for purposes of the tax deduction for payments to such corporations. Qualifies a corporation if: (1) 80% or more of the total square footage of the corporation's property is used or available for use by its tenant-stockholders for residential purposes, or (2) 90% of the corporation's expenditures are for the acquisition, construction, management, maintenance, or care of its property for the benefit of the tenant-stockholders.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2266: Cooperative Tax Deduction Preservation Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-2266/
MLA
"S. 2266: Cooperative Tax Deduction Preservation Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-2266/.
Bluebook (legal)
S. 2266, 110th Cong. (2026), https://openamerica.io/bill/110-S-2266/.
Markdown link
[S. 2266: Cooperative Tax Deduction Preservation Act of 2007](https://openamerica.io/bill/110-S-2266/)
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