3.0.0 3812 2023-01-11T13:17:52Z 2023-01-11T13:17:52Z House H HR 2009-10-14 111 hswm00 Ways and Means Committee House Standing Referred to 2009-10-14T14:00:33Z 2009-10-14 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-10-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-10-14 Introduced in House IntroReferral 1000 9 Library of Congress K000370 Rep. Kosmas, Suzanne M. [D-FL-24] Suzanne Kosmas D FL M. 24 N P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2009-12-08 False Taxation Capital gains tax Income tax exclusion Rural conditions and development Urban and suburban affairs and development Taxation

00 2009-10-14 Introduced in House 2009-11-19T19:35:55Z Distressed Communities Reinvestment Act of 2009 - Amends the Internal Revenue Code to exclude from gross income gain from the sale of real property consisting predominantly of commercial and residential property located in a distressed community. Defines "distressed community" as a county designated by the Secretary of the Treasury as: (1) having, during a specified period, a residential or commercial mortgage foreclosure rate of 110% or more of the national average, a decline in the average fair market value of housing of at least 20%, or an unemployment rate of 110% or more of the national average; (2) having more than 50% of its housing loans with a loan-to-value ratio of greater than 80%; or (3) being in a disaster area.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2009-10-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3812ih/xml/BILLS-111hr3812ih.xml 2009-10-14 Referred to the House Committee on Ways and Means. 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.