Open Space Preservation Promotion Act of 2007
Last action on Feb 16, 2007Referred to the House Committee on Ways and Means.
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Summary
Open Space Preservation Promotion Act of 2007 - Amends the Internal Revenue Code to allow installment sales treatment for land sold to a governmental unit or tax-exempt charitable organization for conservation purposes even though the purchase funds for such sale are held in a sinking or similar fund, as required by state law.
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