Summary: H.R.2851 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for H.R.2851. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/12/2009)

Neighborhood Investment Act of 2009 - Amends the Internal Revenue Code to exclude from gross income gain from the sale of single-family residential rental property held by a taxpayer for two years or more and rented as a single dwelling unit on a regular basis during the five-year period prior to its sale. Limits the amount of such exclusion to $250,000.