HR 1134 105th 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 Local laws Mortgage interest rates Mortgage loans Personal income tax Residential rehabilitation State laws

Historic Homeownership Assistance Act

Introduced: March 19, 1997 See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 19, 1997

Referred to the House Committee on Ways and Means.

Mar 19, 1997

Sponsor introductory remarks on measure. (CR E521-522)

Mar 19, 1997

Introduced in House

Plain-English summary Congressional Research Service

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 home 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 March 19, 1997

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1