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HR 2851 111th Congress House

Neighborhood Investment Act of 2009

Official title: To amend the Internal Revenue Code of 1986 to exclude certain gains on single-family residential rental property from gross income.

Introduced: June 12, 2009 See on congress.gov
Taxation Capital gains taxHousing finance and home ownershipIncome tax exclusion
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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
Jun 12, 2009
Referred to the House Committee on Ways and Means.
Jun 12, 2009
Introduced in House
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 Latest action June 12, 2009

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
Austria, Steve
· Jun 12, 2009
 R
Sessions, Pete
Texas · Jun 12, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2851: Neighborhood Investment Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-2851/
MLA
"H.R. 2851: Neighborhood Investment Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-2851/.
Bluebook (legal)
H.R. 2851, 111th Cong. (2026), https://openamerica.io/bill/111-HR-2851/.
Markdown link
[H.R. 2851: Neighborhood Investment Act of 2009](https://openamerica.io/bill/111-HR-2851/)
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