42 U.S.C. § 2326 : US Code - Section 2326: Deductions from sales price

Search 42 U.S.C. § 2326 : US Code - Section 2326: Deductions from sales price

(a) Improvements
In addition to any other deduction which may be permitted from
the sales price for property, there shall, upon application by the
prospective purchaser, be deducted the amount by which the current
fair market value of the Government's interest in the premises is
enhanced as a result of improvements to the premises made by, or at
the expense of, the prospective purchaser: Provided, That, with
reference to commercial property, the improvement credit allowed
shall be the value of the enhancement of the Government's interest
in the property, as determined by the Commission on the basis of
the appraisal provided for under section 2322 of this title:
Provided further, That such credit shall be reduced to the extent
that lessee has been previously compensated therefor, as determined
by the Commission, under the terms of the lease or otherwise.
(b) Improvements by occupant of single family or duplex house
An occupant of a single family or duplex house shall, upon
application therefor, be entitled to a credit, against the purchase
price of any residential property purchased through the exercise of
a priority right established under the provisions of section 2332
of this title, for the amount by which the current fair market
value of the Government's interest in the single family or duplex
house of which he was an occupant is enhanced as a result of
improvements to the premises of such single family or duplex house
made by, or at the expense of, such occupant.
(c) Determination of value of improvements
The value of the improvements as specified in subsections (a) and
(b) of this section shall be determined in accordance with the
provisions of section 2322 of this title.
(d) Additional deduction to persons purchasing property without
benefit of indemnity provisions
Persons purchasing property pursuant to the provisions of section
2342 of this title, who do not desire to avail themselves of the
indemnity provisions contained in sections 2363 to 2366 of this
title, shall be entitled to an additional deduction of 10 per
centum of the appraised value of the property in addition to any
other deduction set forth in this section.