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HR 6233 116th Congress House 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 2020

Introduced: March 12, 2020 Introduced by: Cohen, Steve Democratic · Tennessee See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 12, 2020
Referred to the House Committee on Ways and Means.
Mar 12, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Home Lead Safety Tax Credit Act of 2020

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 $160,000.

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 March 12, 2020

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1