H.R. 1481 · 112th Congress
Investment Property Opportunity Act of 2011
- Stage
- In committee
- Sponsor
- Jared Polis
- Introduced
- 2011-04-12
- Latest action
- 2011-04-12 · Introduced in House
Summary
Investment Property Opportunity Act of 2011 - 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.