To amend the Internal Revenue Code of 1986 to provide tax relief for the conversion of cooperative housing corporations into condominiums.
Sponsor introductory remarks on measure. (CR E1882)
Congressional Research Service
Official summary
Version 00 · Introduced in House · Sep 12, 2000
Revises Internal Revenue Code provisions concerning distributions by cooperative housing corporations to provide that: (1) no gain or loss shall be recognized to a cooperative housing corporation on the distribution by such corporation of a dwelling unit to a stockholder in exchange for the stockholder's stock (in such corporation); and (2) no gain or loss shall be recognized to the stockholder as a result of such exchange.
Source last updated: Jan 2, 2025. Consult Congress.gov for the current record.
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