Affordable Housing Preservation Act of 2007
Latest action · May 7, 2007 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 7, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Affordable Housing Preservation Act of 2007 - Amends the Internal Revenue to exclude from gross income gain from the sale or exchange of certain multifamily housing property to a housing agency or related organization (preservation entity) that agrees to maintain certain affordability and use restrictions for such property. Limits the excludable amount of such gain to the depreciation adjustments for such property.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from May 7, 2007 to Jul 20, 2007, with 6 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MD | Benjamin L. Cardin | Original | May 7, 2007 |
| R-MO | Christopher S. Bond | Original | May 7, 2007 |
| R-OR | Gordon H. Smith | Original | May 7, 2007 |
| D-RI | Jack Reed | Original | May 7, 2007 |
| R-ME | Olympia J. Snowe | Original | May 7, 2007 |
| D-WA | Patty Murray | Original | May 7, 2007 |
| D-OH | Sherrod Brown | Jul 20, 2007 |
Actions 2
Everything that happened, newest first.
- May 7, 2007Introduced in Senate
- May 7, 2007Read twice and referred to the Committee on Finance.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1491 | Affordable Housing Preservation Tax Relief Act of 2007 | Related bill | Mar 13, 2007 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 7, 2007Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
