HR 7388 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 with respect to the definition of a cooperative housing corporation.

Introduced 1980-05-20· Sponsored by Rep. Aspin, Les [D-WI-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1980-05-20)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to lower from 80 to 50 percent the gross income definitional requirement of a cooperative housing corporation, for purposes of the tenant-stockholder income tax deduction for taxes, interest, and business depreciation.…

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