|H1562: To amend the Internal Revenue Code of 1986 to extend and expand certain rules with respect to housing in the GO Zones [0 comments]|
Amends the Internal Revenue Code to: (1) qualify certain buildings in the Gulf Opportunity Zone, the Rita GO Zone, and the Wilma GO Zone (GO Zones) placed in service before 2011 for a full housing tax credit if such buildings receive (or received) a state or local housing credit allocation in 2006, 2007, or 2008; (2) extend through 2010 the treatment of such GO Zones as difficult development areas eligible for an increased housing tax credit; (3) exclude the receipt of certain federal assistance in determining whether GO Zone buildings eligible for the housing tax credit are federally subsidized and therefore subject to limitations on such credit; and (4) treat qualified GO Zone repair and reconstruction loans provided prior to 2011 as qualified rehabilitation loans financed by tax-exempt bonds.
|View full text||
View bill history
|H1562 at GovTrack||H1562 at the Library of Congress|
Rep. John Lewis [D, GA-5]
Rep. James McCrery [R, LA-4]
No arguments for this bill have been posted yet. Be the first one!
No arguments against this bill have been posted yet. Be the first one!
CommentsNo comments have been posted yet. Be the first one!