United States 116th Congress Status: In Committee 1 D cosponsors

HR 4239 — Affordable Housing Incentives Act of 2019

Last action — Referred to the House Committee on Ways and Means.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Affordable Housing Incentives Act of 2019 This bill allows nonrecognition of gain, for income tax purposes, from the sale of property to public housing agencies for use as affordable housing.

Bill Text

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill allows for the nonrecognition of gain on real property sold to public housing agencies for use as affordable housing.

  • Section 1033

    (k) Sales to Public Housing Agencies for Use as Affordable Housing.-- (1) In general.--For purposes of this subtitle, if real property is sold or otherwise transferred to a public housing agency (as such term is defined in section 3(b)(6) of the United States Housing Act of 1937) for use or development by such agency as affordable housing to carry out the mandate (relating to affordable housing) of such agency, such sale or transfer shall be treated as an involuntary conversion to which this section applies. (2) Special rule with respect to period within which property must be replaced.--In the case of a sale or transfer described in paragraph (1), subsection (a)(2)(B)(i) shall be applied by substituting '3 years' for '2 years'. (3) Special rule for real property held for productive use in trade or business.--For purposes of subsection (a), if the real property described in paragraph (1) is held for productive use in a trade or business or for investment, property of a like kind to be held either for productive use in a trade or business or for investment shall be treated as property similar or related in service or use to the property so described.

    This inserts provisions that treat sales to public housing agencies for affordable housing as involuntary conversions, allowing sellers to defer taxes on capital gains.

  • Section 1033

    subsection (k) → subsection (l)

    This renumbers subsection (k) to (l) to accommodate the new subsection (k).

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Ways and Means.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
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Frequently asked questions

What does HR 4239 do?
Affordable Housing Incentives Act of 2019 This bill allows nonrecognition of gain, for income tax purposes, from the sale of property to public housing agencies for use as affordable housing.
Who sponsors HR 4239?
HR 4239 is sponsored by Schiff, Adam B. (Democratic).
What is the current status of HR 4239?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 4239?
Track HR 4239 free on One Click Politics — get push/email alerts when it moves.

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