To amend the Internal Revenue Code of 1986 to allow for nonrecognition of gain on real property sold for use as affordable housing.
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Summary
Based on the bill's title, this legislation would amend the Internal Revenue Code to allow sellers of real property to defer or avoid recognizing capital gains taxes when they sell property that will be used for affordable housing. The bill has been referred to the House Committee on Ways and Means for consideration.
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How your representatives voted
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