S 4908
116th 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 2020
Introduced: November 18, 2020
Introduced by:
Whitehouse, Sheldon
Democratic
· Rhode Island
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 18, 2020
Read twice and referred to the Committee on Finance.
Nov 18, 2020
Introduced in Senate
Plain-English summary
Home Lead Safety Tax Credit Act of 2020
This bill allows owners of eligible dwelling units a new tax credit through 2023 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.
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1