Home Lead Safety Tax Credit Act of 2016
Official title: A bill to amend the Internal Revenue Code of 1986 to provide a tax credit for taxpayers who remove lead-based hazards.
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Read twice and referred to the Committee on Finance.
Home Lead Safety Tax Credit Act of 2016
This bill allows owners of eligible dwelling units a new tax credit for up to 50% of the lead hazard reduction activity costs for each such unit in a taxable year. An "eligible dwelling unit" is any unit located in the United States that was placed in service before 1978 and the residents of which during the preceding taxable year have a cumulative adjusted gross income of less than $110,000.
The bill: (1) specifies the types of lead hazard reduction activity costs eligible for the credit, including risk assessment and abatement costs; and (2) limits the amount of the credit in any taxable year to $3,000 for specified abatement measures and $1,000 for interim lead control measures.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 2573: Home Lead Safety Tax Credit Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-S-2573/
"S. 2573: Home Lead Safety Tax Credit Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-2573/.
S. 2573, 114th Cong. (2026), https://openamerica.io/bill/114-S-2573/.
[S. 2573: Home Lead Safety Tax Credit Act of 2016](https://openamerica.io/bill/114-S-2573/)