H.R. 3399

Fair Tax Treatment for Manufactured Housing Community Cooperatives Act

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I

115th CONGRESS

1st Session

H. R. 3399

IN THE HOUSE OF REPRESENTATIVES

July 26, 2017

Mr. Ellison introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to allow a deduction for interest and taxes relating to land used for dwelling purposes owned or leased by cooperative housing corporations.

1.

Short title

This Act may be cited as the Fair Tax Treatment for Manufactured Housing Community Cooperatives Act.

2.

Deduction allowed for interest and taxes relating to land used for dwelling purposes owned or leased by cooperative housing corporations

(a)

In general

Subparagraph (B) of section 216(b)(1) of the Internal Revenue Code of 1986 is amended by inserting or land, after building,.

(b)

Effective date

The amendment made by subsection (a) shall apply to amounts paid or accrued after December 31, 2017.