I 115th CONGRESS 1st Session H. R. 3399 IN THE HOUSE OF REPRESENTATIVES July 26, 2017 Mr. Ellison introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to allow a deduction for interest and taxes relating to land used for dwelling purposes owned or leased by cooperative housing corporations.

1. Short title This Act may be cited as the Fair Tax Treatment for Manufactured Housing Community Cooperatives Act . 2. Deduction allowed for interest and taxes relating to land used for dwelling purposes owned or leased by cooperative housing corporations (a) In general Subparagraph (B) of section 216(b)(1) of the Internal Revenue Code of 1986 is amended by inserting or land, after building, . (b) Effective date The amendment made by subsection (a) shall apply to amounts paid or accrued after December 31, 2017.