3.0.0 2266 2023-01-11T20:19:31Z 2023-01-11T20:19:31Z Senate S S 2007-10-30 110 ssfi00 Finance Committee Senate Standing Referred to 2007-10-30T22:12:51Z 2007-10-30 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-10-30 Introduced in Senate IntroReferral 10000 9 Library of Congress S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. N Taxation Cooperative housing Housing and Community Development Income tax Tax deductions Taxation

00 2007-10-30 Introduced in Senate 2007-11-30T20:54:02Z Cooperative Tax Deduction Preservation Act of 2007 - Amends the Internal Revenue Code to set forth alternative tests for qualifying as a cooperative housing corporation for purposes of the tax deduction for payments to such corporations. Qualifies a corporation if: (1) 80% or more of the total square footage of the corporation's property is used or available for use by its tenant-stockholders for residential purposes, or (2) 90% of the corporation's expenditures are for the acquisition, construction, management, maintenance, or care of its property for the benefit of the tenant-stockholders.

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Official Title as Introduced Introduced in Senate IS Display Title Short Titles as Introduced Introduced in Senate 2007-10-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2266is/xml/BILLS-110s2266is.xml 2007-10-30 Read twice and referred to the Committee on Finance. text/xml EN 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. Congressional Research Service, Library of Congress 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.