A bill to amend the Internal Revenue Code of 1954 to disallow any deduction for depreciation for a taxable year in which a residential property does not comply with requirements of local laws relating to health and safety, and for other purposes.
Slum Prevention Act - Provides that no tax deduction shall be allowed under the Internal Revenue Code for depreciation for a taxable year on residential property which does not comply with local or State health and safety requirements.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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