H.R. 1784 · 111th Congress
Investment Property Opportunity Act of 2009
- Stage
- In committee
- Sponsor
- Jared Polis
- Introduced
- 2009-03-30
- Latest action
- 2009-03-30 · Introduced in House
Summary
Investment Property Opportunity Act of 2009 - Amends the Internal Revenue Code to exclude from gross income gain from the sale of residential real property that is: (1) located in a distressed housing area (i.e., a county with high foreclosure rates and declining housing fair market values); (2) acquired within 18 months after enactment of this Act; and (3) held for more than three years.