HR 5213
97th Congress
House
Taxation
Cooperative housing
Corporations and Stocks
Federal aid to housing
Housing and Housing Finance
Income tax
Low-income housing
Tax exclusion
A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of certain payments under section 236 of the National Housing Act received by cooperative housing corporations.
Introduced: December 14, 1981
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 14, 1981
Referred to House Committee on Ways and Means.
Dec 14, 1981
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to exclude any mortgage interest reduction payment by the Government to a corporation which owns a lower income rental housing project from such corporation's income for purposes of determining whether such corporation qualifies for tax deductions provided for a cooperative housing corporation.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1