HR 1662
104th Congress
House
Taxation
Administrative fees
Commemorations
Cooperative housing
Economics and Public Finance
Enterprise zones
Finance and Financial Sector
Government Operations and Politics
Historic sites
History
Home ownership
Housing and Community Development
Income tax
Law
Mortgage interest rates
Mortgage loans
Municipal ordinances
Residential rehabilitation
State laws
Tax credits
Historic Homeownership Assistance Act
Introduced: May 17, 1995
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 1995
Referred to the House Committee on Ways and Means.
May 17, 1995
Sponsor introductory remarks on measure. (CR E1058)
May 17, 1995
Introduced in House
Plain-English summary
Historic Homeownership Assistance Act - Amends the Internal Revenue Code to allow a tax credit for 20 percent of the qualified rehabilitation expenditures made by a taxpayer with respect to a certified historic structure which has been substantially rehabilitated and which is owned by the taxpayer and used as his or her principal residence. Allows the credit for such expenditures to be taken by a purchaser of the rehabilitated home. Permits, in lieu of the credit, a historic rehabilitation mortgage credit certificate, which shall be transferred to a lender in exchange for a reduction in the rate of interest on the loan secured by the building.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1