Amends the Internal Revenue Code to lower from 80 to 50 percent the amount of income which a cooperative housing association must earn from tenant-shareholders to qualify as a cooperative housing corporation.
Referred to Subcommittee on Select Revenue Measures.
Introduced in Senate
Read second time and referred to Senate Committee on Finance.
Committee on Finance requested executive comment from OMB; Treasury Department.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line