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S 496 105th Congress Senate 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 20, 1997 See on congress.gov
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 20, 1997
Read twice and referred to the Committee on Finance.
Mar 20, 1997
Sponsor introductory remarks on measure. (CR S2665-2666)
Mar 20, 1997
Introduced in Senate
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 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 20, 1997

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 1134 Identical bill Historic Homeownership Assistance Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Durbin, Richard J.
Illinois · Jun 25, 1997
 D
Reed, Jack
Rhode Island · Jun 18, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). S. 496: Historic Homeownership Assistance Act. 105th Congress. Open America. https://openamerica.io/bill/105-S-496/
MLA
"S. 496: Historic Homeownership Assistance Act." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-S-496/.
Bluebook (legal)
S. 496, 105th Cong. (2026), https://openamerica.io/bill/105-S-496/.
Markdown link
[S. 496: Historic Homeownership Assistance Act](https://openamerica.io/bill/105-S-496/)
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