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  <bill>
    <number>5263</number>
    <updateDate>2023-01-11T13:20:12Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:20:12Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2010-05-11</introducedDate>
    <congress>111</congress>
    <committees>
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        <systemCode>hswm00</systemCode>
        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
        <activities>
          <item>
            <name>Referred to</name>
            <date>2010-05-11T16:33:15Z</date>
          </item>
        </activities>
      </item>
    </committees>
    <actions>
      <item>
        <actionDate>2010-05-11</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
        <type>IntroReferral</type>
        <actionCode>H11100</actionCode>
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          <name>House floor actions</name>
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            <name>Ways and Means Committee</name>
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        <actionDate>2010-05-11</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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      <item>
        <actionDate>2010-05-11</actionDate>
        <text>Introduced in House</text>
        <type>IntroReferral</type>
        <actionCode>1000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
        </sourceSystem>
      </item>
    </actions>
    <sponsors>
      <item>
        <bioguideId>Y000062</bioguideId>
        <fullName>Rep. Yarmuth, John A. [D-KY-3]</fullName>
        <firstName>John</firstName>
        <lastName>Yarmuth</lastName>
        <party>D</party>
        <state>KY</state>
        <middleName>A.</middleName>
        <district>3</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>B001149</bioguideId>
        <fullName>Rep. Burton, Dan [R-IN-5]</fullName>
        <firstName>DAN</firstName>
        <lastName>BURTON</lastName>
        <party>R</party>
        <state>IN</state>
        <district>5</district>
        <sponsorshipDate>2010-05-26</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>G000557</bioguideId>
        <fullName>Rep. Griffith, Parker [R-AL-5]</fullName>
        <firstName>Parker</firstName>
        <lastName>Griffith</lastName>
        <party>R</party>
        <state>AL</state>
        <district>5</district>
        <sponsorshipDate>2010-05-26</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Capital gains tax</name>
        </item>
        <item>
          <name>Housing finance and home ownership</name>
        </item>
        <item>
          <name>Income tax rates</name>
        </item>
        <item>
          <name>Real estate business</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2010-05-11</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2010-06-18T18:43:51Z</updateDate>
        <text><![CDATA[ <p>Real Estate Investment Incentive Act of 2010 - Amends the Internal Revenue Code to reduce to 5% the rate of tax on net capital gains from the sale or exchange of depreciable real property placed in service before January 1, 2011. Defines &quot;depreciable real property&quot; as investment property which is part of a building with fewer than two residential rental units.</p>]]></text>
      </summary>
    </summaries>
    <title>Real Estate Investment Incentive Act of 2010</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Real Estate Investment Incentive Act of 2010</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide a 5 percent maximum rate of tax on gain from the sale or exchange of depreciable real property by individuals.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Real Estate Investment Incentive Act of 2010</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2010-05-11T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-111hr5263ih/xml/BILLS-111hr5263ih.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2010-05-11</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
    </latestAction>
  </bill>
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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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