H.R. 5263 · 111th Congress
Real Estate Investment Incentive Act of 2010
- Stage
- In committee
- Sponsor
- John Yarmuth
- Introduced
- 2010-05-11
- Latest action
- 2010-05-11 · Introduced in House
Summary
Real Estate Investment Incentive Act of 2010 - Amends the Internal Revenue Code to reduce to 5% the rate of tax on net capital gains from the sale or exchange of depreciable real property placed in service before January 1, 2011. Defines "depreciable real property" as investment property which is part of a building with fewer than two residential rental units.