Search Results for keywords:"residential property"

Search Results: keywords:"residential property"

S. 504 — To amend the Internal Revenue Code of 1986 to classify certain automatic fire sprinkler system retrofits as 15-year property for purposes of depreciation.
February 10, 2025
Status:Introduced in Senate
Congress:119
Words:481
S. 504 proposes to amend the Internal Revenue Code to classify certain retrofits of automatic fire sprinkler systems as "15-year property" for depreciation purposes. This means that businesses installing these systems can spread out the tax deductions over 15 years, which...
Simple Explanation
S. 504 wants to change a tax rule so that businesses can spread out the cost of upgrading their old buildings to have fire sprinklers over 15 years, making it cheaper to do so and encouraging them to install more sprinklers to keep people safe in tall buildings.
H. R. 1803 — To amend title 38, United States Code, to provide for the improvement of the Department of Veterans Affairs loan guarantee for purchase of residential cooperative housing units, and for other purposes.
March 03, 2025
Status:Introduced in House
Congress:119
Words:904
H.R. 1803, also known as the “Fair Access to Co-ops for Veterans Act of 2025,” aims to improve loan guarantees by the Department of Veterans Affairs (VA) for veterans purchasing residential cooperative housing units. The bill mandates the VA to establish regulations regarding...
Simple Explanation
H.R. 1803 wants to help veterans buy special kinds of homes called "co-ops" by making it easier for them to get loans, like making sure the rules are clear and the same for everyone. It also tries to make more veterans know about these loans so they can use them to buy these homes.
S. 4620 — To modify the premerger notification requirements under the Clayton Act with respect to certain acquisitions of residential property, and for other purposes.
June 20, 2024
Status:Introduced in Senate
Congress:118
Words:807
S. 4620, or the "Housing Acquisitions Review and Transparency Act" (HART Act), seeks to change the rules for reporting mergers that involve buying residential properties under the Clayton Act. The bill defines key terms like "residential property," and mandates that any...
Simple Explanation
The Housing Acquisitions Review and Transparency Act wants to make it so when someone buys lots of houses, they have to tell the government about all of them together, so they can make sure it doesn't break any rules. This means that people who buy houses need to let the government know what they're up to, so everything stays fair for everyone.
H. R. 8747 — To require disclosure of asbestos hazards in the sale and lease of residential dwellings, and for other purposes.
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June 13, 2024
Status:Introduced in House
Congress:118
Words:1,405
H.R. 8747, known as the "Asbestos Exposure in Housing Reduction Act of 2024," aims to protect people from asbestos hazards in residential properties. It requires sellers and landlords to disclose any known asbestos dangers before selling or leasing a home. Buyers and renters get a chance to...
Simple Explanation
H.R. 8747 is a rule that wants house sellers and landlords to tell people if there might be dangerous asbestos in a home, giving buyers and renters a chance to check and keep everyone safe.

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