H.R. 78 — 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 allow refinancing by qualified cooperative housing corporations with tax-exempt (interest excluded from gross income) mortgage subsidy bond proceeds.

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Related Legislation

S. 134A bill to amend the Internal Revenue Code of 1954 to permit certain cooperative housing corporations to replace conventional financing with tax-exempt financing.
1983-02-03Committee on Finance requested executive comment from OMB, Treasury Department.
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Legislative Actions

1983-01-03
Introduced in House
1983-01-03
Introduced in House
1983-01-03
Referred to House Committee on Ways and Means.

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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