H.R. 3522 · 109th Congress
Open Space Preservation Promotion Act of 2005
- Stage
- In committee
- Sponsor
- Timothy Bishop
- Introduced
- 2005-07-28
- Latest action
- 2005-07-28 · Introduced in House
Summary
Open Space Preservation Promotion Act of 2005 - Amends the Internal Revenue Code to allow installment sales treatment for land sold to a governmental unit or tax-exempt charitable organization for conservation purposes even though the purchase funds for such sale are held in a sinking or similar fund, as required by state law.