S 1698 · 98th Congress · Taxation
Co-op Property Tax Equity Act
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Finance requested executive comment from OMB, Treasury Department.(1983-08-01)
Plain Language Summary
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Co-op Property Tax Equity Act - Amends the Internal Revenue Code to permit tenant shareholders of a cooperative housing corporation to calculate the amount of their income tax deduction for real property taxes on the basis of separate appraisals for dwelling units, rather than on ownership of shares in the corporation, where State law requires an allocation of taxes based on such separate appraisals.…
Summarized by Claude AI · Non-partisan · For informational purposes only