Open Space Preservation Promotion Act of 2005
Last action on Jul 28, 2005Referred to the House Committee on Ways and Means.
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Summary
Open Space Preservation Promotion Act of 2005 - 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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