H.R. 3904 (100th): A bill relating to the treatment of certain ground rents for purposes of the mortgage bond rules of the Internal Revenue Code of 1986.

Introduced:
Feb 03, 1988 (100th Congress, 1987–1988)
Sponsor:
Rep. Patricia Saiki [R-HI1]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on February 3, 1988, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 03, 1988
Cosponsors
none
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/3/1988--Introduced.
Fixes valuation standards for purposes of mortgage revenue bond purchase price requirements in connection with any ground lease having a remaining term of at least 35 years and a specified ground rent for at least the initial ten years of the term. Requires that pertinent Federal regulations be amended to reflect these standards.

House Republican Conference Summary

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House Democratic Caucus Summary

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