HR 3394 · 106th Congress · Taxation

Real Estate Flexibility Act of 1999

Introduced 1999-11-16· Sponsored by Rep. McCrery, Jim [R-LA-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR E2417)(1999-11-17)

Plain Language Summary

[AI summary unavailable — showing source text] Real Estate Flexibility Act of 1999 - Amends the Internal Revenue Code to authorize an individual to reduce the basis (with specified limits) and exclude a portion of debt assumption in lieu of gain recognition in the case of an unrelated party-disposition of U.S. depreciable real property.…

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