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To amend the Internal Revenue Code of 1986 to allow a deduction for interest and taxes relating to land used for dwelling purposes owned or leased by cooperative housing corporations.

USA115th CongressHR-3399| House 
| Updated: 7/26/2017
Keith Ellison

Keith Ellison

Democratic Representative

Minnesota

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Fair Tax Treatment for Manufactured Housing Community Cooperatives Act This bill amends the Internal Revenue Code to allow tenant-stockholders of a cooperative housing corporation to claim a deduction for real estate taxes and interest paid or incurred for land that is owned or leased by the corporation for dwelling purposes. (Under current law, the deduction applies to buildings and does not include land.)
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Timeline
Jul 26, 2017
Introduced in House
Jul 26, 2017
Referred to the House Committee on Ways and Means.
  • July 26, 2017
    Introduced in House


  • July 26, 2017
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 115-948: To amend the Internal Revenue Code of 1986 to replace the mortgage interest deduction with a nonrefundable credit for indebtedness secured by a residence, to provide affordable housing to extremely low-income families, and for other purposes.
Cooperative and condominium housingIncome tax deductionsInterest, dividends, interest ratesProperty tax

To amend the Internal Revenue Code of 1986 to allow a deduction for interest and taxes relating to land used for dwelling purposes owned or leased by cooperative housing corporations.

USA115th CongressHR-3399| House 
| Updated: 7/26/2017
Fair Tax Treatment for Manufactured Housing Community Cooperatives Act This bill amends the Internal Revenue Code to allow tenant-stockholders of a cooperative housing corporation to claim a deduction for real estate taxes and interest paid or incurred for land that is owned or leased by the corporation for dwelling purposes. (Under current law, the deduction applies to buildings and does not include land.)
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 26, 2017
Introduced in House
Jul 26, 2017
Referred to the House Committee on Ways and Means.
  • July 26, 2017
    Introduced in House


  • July 26, 2017
    Referred to the House Committee on Ways and Means.
Keith Ellison

Keith Ellison

Democratic Representative

Minnesota

Ways and Means Committee

Taxation

Related Bills

  • HR 115-948: To amend the Internal Revenue Code of 1986 to replace the mortgage interest deduction with a nonrefundable credit for indebtedness secured by a residence, to provide affordable housing to extremely low-income families, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Cooperative and condominium housingIncome tax deductionsInterest, dividends, interest ratesProperty tax