S. 3095 — A bill to amend the Internal Revenue Code of 1954 to permit certain cooperative housing corporations to replace conventional financing with tax-exempt financing.

Summary

Amends the Internal Revenue Code to exempt mortgage subsidy bond issues used to refinance mortgages on buildings used by qualified cooperative housing corporations from the three-year non-ownership, targeted areas, and original mortgages requirements of such bond issues.

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Legislative Actions

1982-12-13
Introduced in Senate
1982-12-13
Read twice and referred to the Committee on Finance.
1982-12-15
Committee on Finance requested executive comment from OMB; Treasury Department.

A bill to amend the Internal Revenue Code of 1954 to permit certain cooperative housing corporations to replace conventional financing with tax-exempt financing.

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