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S 1575 115th Congress Senate Taxation Child health Child safety and welfare Hazardous wastes and toxic substances Income tax credits Residential rehabilitation and home repair

Home Lead Safety Tax Credit Act of 2017

Introduced: July 18, 2017 Introduced by: Whitehouse, Sheldon Democratic · Rhode Island See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 18, 2017
Read twice and referred to the Committee on Finance.
Jul 18, 2017
Introduced in Senate
 Plain-English summary Congressional Research Service

Home Lead Safety Tax Credit Act of 2017

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.

What's happening now July 18, 2017

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2