HR 4020 · 102th Congress · Taxation

Real Estate Recovery Act of 1991

Introduced 1991-11-26· Sponsored by Rep. Peterson, Collin C. [D-MN-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1991-11-26)

Plain Language Summary

[AI summary unavailable — showing source text] Real Estate Recovery Act of 1991 - Amends the Internal Revenue Code to repeal the limitation on passive activity losses and credits. Decreases the applicable recovery period for depreciation of residential rental property and nonresidential real property under the accelerated cost recovery system.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. Goodling, William F. [R-PA-19]PA