legislation: 98-s-2046

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
98-s-2046 98 s 2046 Condominium Cost Reduction Act of 1983 Taxation 1983-11-03 1983-11-08 Committee on Finance requested executive comment from OMB, Treasury Department. Senate Sen. Tower, John G. [R-TX] TX R T000322 2 Condominium Cost Reduction Act of 1983 - Amends the Internal Revenue Code to permit the owner of residential rental property to elect to treat the gain from the conversion of such property into condominium units as capital gain. Limits such treatment to owners of structures which were used in the trade or business of the owner for five years prior to conversion. Treats any gain from the sale of such units as ordinary income to the extent that such gain exceeds the allocable capital gain amount. 2025-08-29T17:40:14Z https://www.congress.gov/bill/98th-congress/senate-bill/2046

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