Preserving Rural Housing Investments Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 9267 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 9267 To amend the Internal Revenue Code of 1986 to clarify the tax-exempt controlled entity rules with respect to certain stock of government- sponsored enterprises. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES August 2, 2024 Mr. LaHood (for himself, Mr. Kildee, and Mr. Panetta) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to clarify the tax-exempt controlled entity rules with respect to certain stock of government- sponsored enterprises. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Preserving Rural Housing Investments Act''. SEC. 2. CLARIFICATION OF TAX-EXEMPT CONTROLLED ENTITY RULES WITH RESPECT TO CERTAIN STOCK OF GOVERNMENT-SPONSORED ENTERPRISES. (a) In General.--Section 168(h)(6)(…