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    <updateDate>2023-01-11T19:53:59Z</updateDate>
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    <originChamber>House</originChamber>
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    <introducedDate>2007-03-13</introducedDate>
    <congress>110</congress>
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            <date>2007-03-13T14:33:15Z</date>
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      <item>
        <title>Affordable Housing Preservation Act of 2007</title>
        <congress>110</congress>
        <number>1318</number>
        <type>S</type>
        <latestAction>
          <actionDate>2007-05-07</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <actionDate>2007-03-13</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <actionDate>2007-03-13</actionDate>
        <text>Introduced in House</text>
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        <bioguideId>D000602</bioguideId>
        <fullName>Rep. Davis, Artur [D-AL-7]</fullName>
        <firstName>Artur</firstName>
        <lastName>Davis</lastName>
        <party>D</party>
        <state>AL</state>
        <district>7</district>
        <isByRequest>N</isByRequest>
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        <fullName>Rep. Ramstad, Jim [R-MN-3]</fullName>
        <firstName>JIM</firstName>
        <lastName>RAMSTAD</lastName>
        <party>R</party>
        <state>MN</state>
        <district>3</district>
        <sponsorshipDate>2007-03-13</sponsorshipDate>
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        <bioguideId>F000339</bioguideId>
        <fullName>Rep. Frank, Barney [D-MA-4]</fullName>
        <firstName>BARNEY</firstName>
        <lastName>FRANK</lastName>
        <party>D</party>
        <state>MA</state>
        <district>4</district>
        <sponsorshipDate>2007-03-22</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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      <item>
        <bioguideId>B000574</bioguideId>
        <fullName>Rep. Blumenauer, Earl [D-OR-3]</fullName>
        <firstName>EARL</firstName>
        <lastName>BLUMENAUER</lastName>
        <party>D</party>
        <state>OR</state>
        <district>3</district>
        <sponsorshipDate>2007-03-22</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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      <item>
        <bioguideId>M001149</bioguideId>
        <fullName>Rep. Michaud, Michael H. [D-ME-2]</fullName>
        <firstName>Michael</firstName>
        <lastName>Michaud</lastName>
        <party>D</party>
        <state>ME</state>
        <middleName>H.</middleName>
        <district>2</district>
        <sponsorshipDate>2007-03-29</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001067</bioguideId>
        <fullName>Rep. Clarke, Yvette D. [D-NY-11]</fullName>
        <firstName>Yvette</firstName>
        <lastName>Clarke</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>D.</middleName>
        <district>11</district>
        <sponsorshipDate>2007-05-07</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>A000357</bioguideId>
        <fullName>Rep. Allen, Thomas H. [D-ME-1]</fullName>
        <firstName>THOMAS</firstName>
        <lastName>ALLEN</lastName>
        <party>D</party>
        <state>ME</state>
        <middleName>H.</middleName>
        <district>1</district>
        <sponsorshipDate>2007-06-05</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H000762</bioguideId>
        <fullName>Rep. Hooley, Darlene [D-OR-5]</fullName>
        <firstName>DARLENE</firstName>
        <lastName>HOOLEY</lastName>
        <party>D</party>
        <state>OR</state>
        <district>5</district>
        <sponsorshipDate>2007-06-14</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001072</bioguideId>
        <fullName>Rep. Carson, Andre [D-IN-7]</fullName>
        <firstName>Andre</firstName>
        <lastName>Carson</lastName>
        <party>D</party>
        <state>IN</state>
        <district>7</district>
        <sponsorshipDate>2008-04-23</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Affordable housing</name>
        </item>
        <item>
          <name>Apartment houses</name>
        </item>
        <item>
          <name>Capital gains tax</name>
        </item>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Depreciation and amortization</name>
        </item>
        <item>
          <name>Housing and Community Development</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Residential rehabilitation</name>
        </item>
        <item>
          <name>Tax exclusion</name>
        </item>
        <item>
          <name>Tax rates</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2007-03-13</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2007-04-07T14:59:38Z</updateDate>
        <text><![CDATA[ <p>Affordable Housing Preservation Tax Relief Act of 2007 - Amends the Internal Revenue to exclude from gross income gain from the sale or exchange of certain multifamily housing property to a housing credit agency or related organization (preservation entity) that agrees to maintain certain affordability and use restrictions for such property. Limits the excludable amount of such gain to the depreciation adjustments for such property.</p>]]></text>
      </summary>
    </summaries>
    <title>Affordable Housing Preservation Tax Relief Act of 2007</title>
    <titles>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide an incentive to preserve affordable housing in multifamily housing units which are sold or exchanged.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Display Title</titleType>
        <title>Affordable Housing Preservation Tax Relief Act of 2007</title>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Affordable Housing Preservation Tax Relief Act of 2007</title>
      </item>
    </titles>
    <textVersions>
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        <type>Introduced in House</type>
        <date>2007-03-13T04:00:00Z</date>
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    <latestAction>
      <actionDate>2007-03-13</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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