There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/09/2002)

Amends the Internal Revenue Code to provide an exemption from the recapture provisions of the low-income housing credit when the disposition of a building is made by a taxpayer who received a federal multi-family housing loan and the disposition is to a tax-exempt organization which will continue to operate the building as a qualified low-income building.