H.R. 1135 · 110th Congress
Open Space Preservation Promotion Act of 2007
- Stage
- In committee
- Sponsor
- Timothy Bishop
- Introduced
- 2007-02-16
- Latest action
- 2007-02-16 · Introduced in House
Summary
Open Space Preservation Promotion Act of 2007 - 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.