US HB1896 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 2 2009 - 25% progression, died in committee
Action: 2009-04-02 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 2 2009 - 25% progression, died in committee
Action: 2009-04-02 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Open Space Preservation Promotion Act of 2009- Amends the Internal Revenue Code to allow installment sales treatment for land sold to a governmental unit or tax-exempt charitable organization for conservation purposes even though the purchase funds for such sale are held in a sinking or similar fund, as required by state law.
Title
Open Space Preservation Promotion Act of 2009
Sponsors
Rep. Timothy Bishop [D-NY] | Rep. Christopher Lee [R-NY] |
History
Date | Chamber | Action |
---|---|---|
2009-04-02 | Referred to the House Committee on Ways and Means. |
Subjects
Capital gains tax
Income tax deferral
Land transfers
Land use and conservation
Social work, volunteer service, charitable organizations
Tax-exempt organizations
Taxation
Income tax deferral
Land transfers
Land use and conservation
Social work, volunteer service, charitable organizations
Tax-exempt organizations
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/1896/all-info |
Text | https://www.congress.gov/111/bills/hr1896/BILLS-111hr1896ih.pdf |