HR 5263 · 111th Congress · Taxation

Real Estate Investment Incentive Act of 2010

Introduced 2010-05-11· Sponsored by Rep. Yarmuth, John A. [D-KY-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2010-05-11)

Plain Language Summary

[AI summary unavailable — showing source text] Real Estate Investment Incentive Act of 2010 - Amends the Internal Revenue Code to reduce to 5% the rate of tax on net capital gains from the sale or exchange of depreciable real property placed in service before January 1, 2011. Defines "depreciable real property" as investment property which is part of a building with fewer than two residential rental units.…

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

Cosponsors (2)

2 Republicans
Rep. Burton, Dan [R-IN-5]IN
Rep. Griffith, Parker [R-AL-5]AL