HR 2851
111th Congress
House
Taxation
Capital gains tax
Housing finance and home ownership
Income tax exclusion
Neighborhood Investment Act of 2009
Introduced: June 12, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 12, 2009
Referred to the House Committee on Ways and Means.
Jun 12, 2009
Introduced in House
Plain-English summary
Neighborhood Investment Act of 2009 - Amends the Internal Revenue Code to exclude from gross income gain from the sale of single-family residential rental property held by a taxpayer for two years or more and rented as a single dwelling unit on a regular basis during the five-year period prior to its sale. Limits the amount of such exclusion to $250,000.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1