To amend the Internal Revenue Code of 1986 to provide tax incentives to encourage the preservation of low-income housing.
Low-Income Housing Preservation Act of 1993 - Amends the Internal Revenue Code to provide a 15-year recovery period for the depreciation deduction for new investments to rehabilitate qualified low-income housing projects. Exempts a specified amount of such rehabilitation costs from the passive loss limitations.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR H8209, E2483-2484)
Referred to the House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line