HR 4608
109th Congress
House
Taxation
Commerce
Congregate housing
Contracts
Finance and Financial Sector
Housing and Community Development
Housing for the aged
Income tax
Interest
Interest rates
Loans
Social Welfare
Tax administration
Continuing Care Seniors Housing Act of 2005
Introduced: December 16, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 16, 2005
Referred to the House Committee on Ways and Means.
Dec 16, 2005
Introduced in House
Plain-English summary
Continuing Care Seniors Housing Act of 2005 - Amends Internal Revenue Code provisions which allow a tax exemption for the interest imputed to below-market rate interest loans to certain continuing care facilities to: (1) decrease from 65 to 62 the qualifying age for lenders to continuing care facilities; (2) eliminate the $90,000 limitation on loans to such facilities; (3) modify continuing care contract requirements; and (4) revise the definition of continuing care facility to include an independent living unit, plus an assisted living or nursing facility, or both.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1