HR 885 · 106th Congress · Taxation

To amend the Internal Revenue Code of 1986 to modify the average area purchase price of residences taken into account under the qualified mortgage bond rules.

Introduced 1999-03-01· Sponsored by Rep. Bereuter, Doug [R-NE-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1999-03-01)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to revise the formula for determining the "average area purchase price" of residences under the qualified mortgage bond rules.…

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