HR-3399 : Still Just a Bill

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.)

Action Timeline

Action DateTypeTextSource
2017-07-26IntroReferralReferred to the House Committee on Ways and Means.House floor actions
2017-07-26IntroReferralIntroduced in HouseLibrary of Congress

Sponsor :

Keith Ellison [D] (MN-5)
See Cosponsors

Policy Area :

Taxation
See Subjects
  • Cooperative and condominium housing
  • Income tax deductions
  • Interest, dividends, interest rates
  • Property tax

Related Bills

See Related Bills