Amends the Internal Revenue Code to lower from 80 to 50 percent the tenant-stockholder gross income definitional requirement of a cooperative housing corporation, for purposes of the tenant-stockholder income tax deduction for taxes, interest and business depreciation.
Committee on Finance requested executive comment from OMB; Treasury Department.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Referred to Subcommittee on Select Revenue Measures.
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