HR 1481 · 112th Congress · Taxation

Investment Property Opportunity Act of 2011

Introduced 2011-04-12· Sponsored by Rep. Polis, Jared [D-CO-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2011-04-12)

Plain Language Summary

[AI summary unavailable — showing source text] Investment Property Opportunity Act of 2011 - Amends the Internal Revenue Code to exclude from gross income gain from the sale of residential real property that is: (1) located in a distressed housing area (i.e., a county with high foreclosure rates and declining housing fair market values), (2) acquired within 18 months after enactment of this Act, and (3) held for more than three years.…

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

Cosponsors (1)

1 Republican
Rep. Coffman, Mike [R-CO-6]CO