S 859
109th Congress
Senate
Taxation
Commerce
Community development
Cost of living adjustments
Depressed areas
Economics and Public Finance
Finance and Financial Sector
Government Operations and Politics
Government paperwork
Home ownership
Housing and Community Development
Housing authorities
Income tax
Indexing (Economic policy)
Indian housing
Infrastructure
Liens
Low-income housing
Minorities
Nonprofit organizations
Community Development Homeownership Tax Credit Act
Introduced: April 20, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 20, 2005
Read twice and referred to the Committee on Finance.
Apr 20, 2005
Sponsor introductory remarks on measure. (CR S 4031)
Apr 20, 2005
Introduced in Senate
Plain-English summary
Community Development Homeownership Tax Credit Act - Amends the Internal Revenue Code to allow homebuilders and investors a general business tax credit for building or substantially rehabilitating residences for low and moderate-income individuals in certain areas, including a rural area, an Indian reservation, or an area of chronic economic distress. Sets forth rules for the calculation of such credit and its administration and allocation by the States.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1