3.0.0 5943 2023-01-11T13:21:50Z 2023-01-11T13:21:50Z House H HR 2010-07-29 111 hswm00 Ways and Means Committee House Standing Referred to 2010-07-29T14:03:42Z 2010-07-29 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2010-07-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-07-29 Introduced in House IntroReferral 1000 9 Library of Congress B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 N N000181 Rep. Nunes, Devin [R-CA-21] Devin Nunes R CA 21 2010-07-29 True C001038 Rep. Crowley, Joseph [D-NY-7] JOSEPH CROWLEY D NY 7 2010-07-29 True Taxation Business investment and capital Income tax deductions Industrial facilities Taxation

00 2010-07-29 Introduced in House 2010-08-19T17:23:26Z Community Recovery and Enhancement Act of 2010 or the CRE Act of 2010 - Amends the Internal Revenue Code to allow a new tax deduction for 50% of equity investment in a partnership (qualified debt reduction equity investment) and 50% of any payment on commercial real property (qualified debt reduction payment) made to reduce the principal amount of the qualified indebtedness of such partnership or commercial property. Defines "qualified indebtedness" to mean any indebtedness incurred or assumed by a partnership or other taxpayer before January 1, 2009, which is secured by commercial real property. Requires a recapture in income of any deduction taken by a partnership if such partnership incurs additional indebtedness within three years after receiving a qualified debt reduction equity investment under this Act.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Short Titles as Introduced Introduced in House 2010-07-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr5943ih/xml/BILLS-111hr5943ih.xml 2010-07-29 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.