Summary: H.R.3399 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.3399. Bill summaries are authored by CRS.

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Introduced in House (07/26/2017)

Fair Tax Treatment for Manufactured Housing Community Cooperatives Act

This bill amends the Internal Revenue Code to allow tenant-stockholders of a cooperative housing corporation to claim a deduction for real estate taxes and interest paid or incurred for land that is owned or leased by the corporation for dwelling purposes. (Under current law, the deduction applies to buildings and does not include land.)