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S 859 109th Congress Senate

Community Development Homeownership Tax Credit Act

Official title: A bill to amend the Internal Revenue Code of 1986 to allow an income tax credit for the provision of homeownership and community development, and for other purposes.

Introduced: May 12, 2005 See on congress.gov
Taxation CommerceCommunity developmentCost of living adjustmentsDepressed areas
More subjectsShow fewer subjects
Economics and Public FinanceFinance and Financial SectorGovernment Operations and PoliticsGovernment paperworkHome ownershipHousing and Community DevelopmentHousing authoritiesIncome taxIndexing (Economic policy)Indian housingInfrastructureLiensLow-income housingMinoritiesNonprofit organizations
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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
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
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 Latest action April 20, 2005

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 1549 Related bill Renewing the Dream Tax Credit Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 1 Republican 1
R
Collins, Susan M.
Maine · May 11, 2006
 D
Cantwell, Maria
Washington · Nov 1, 2005
Vitter, David
· Jul 21, 2005
Isakson, Johnny
· May 12, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). S. 859: Community Development Homeownership Tax Credit Act. 109th Congress. Open America. https://openamerica.io/bill/109-S-859/
MLA
"S. 859: Community Development Homeownership Tax Credit Act." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-859/.
Bluebook (legal)
S. 859, 109th Cong. (2026), https://openamerica.io/bill/109-S-859/.
Markdown link
[S. 859: Community Development Homeownership Tax Credit Act](https://openamerica.io/bill/109-S-859/)
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