H.R. 3394 — Real Estate Flexibility Act of 1999

Summary

Real Estate Flexibility Act of 1999 - Amends the Internal Revenue Code to authorize an individual to reduce the basis (with specified limits) and exclude a portion of debt assumption in lieu of gain recognition in the case of an unrelated party-disposition of U.S. depreciable real property.

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Legislative Actions

1999-11-16
Introduced in House
1999-11-16
Introduced in House
1999-11-16
Referred to the House Committee on Ways and Means.
1999-11-17
Sponsor introductory remarks on measure. (CR E2417)

Real Estate Flexibility Act of 1999

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Summary

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