Colorodo Democratic Representative Jared Polis has introduced the Investment Property Opportunity Act of 2011, H.R. 1481. If enacted the bill would amend the Internal Revenue Code of 1986 to encourage the purchase of residential property by providing an exclusion from tax on certain gains. See, H.R. 1481 Would Provide Residential Property Purchase Incentive, 2011 TNT 75-19.
Hat Tip: Tax Analysts
Posted by Isaac Pflaum, Associate Editor, Wealth Strategies Journal

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