H.R. 2851 · 111th Congress

Neighborhood Investment Act of 2009

Stage
In committee
Introduced
2009-06-12
Latest action
2009-06-12 · Introduced in House

Summary

Neighborhood Investment Act of 2009 - Amends the Internal Revenue Code to exclude from gross income gain from the sale of single-family residential rental property held by a taxpayer for two years or more and rented as a single dwelling unit on a regular basis during the five-year period prior to its sale. Limits the amount of such exclusion to $250,000.