S 920
107th Congress
Senate
Taxation
Administrative fees
Apartment houses
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Condominium (Housing)
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Economics and Public Finance
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Finance and Financial Sector
Government Operations and Politics
Historic sites
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Housing and Community Development
Income tax
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Historic Homeownership Assistance Act
Introduced: May 21, 2001
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 21, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5276-5277)
May 21, 2001
Sponsor introductory remarks on measure. (CR S5275-5276)
May 21, 2001
Introduced in Senate
Plain-English summary
Historic Homeownership Assistance Act - Amends the Internal Revenue Code to allow a tax credit for 20 percent (up to a maximum limit of $40,000 for a joint return) of the qualified rehabilitation expenditures made by a taxpayer with respect to the certified rehabilitation of a qualified 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 may 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
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5276-5277)
Committees of jurisdiction
1
Cosponsors
1