A bill to amend the Internal Revenue Code of 1954 to allow individuals a deduction for amounts paid or incurred for repairs or improvements of, or additions to their principal residences.

Summary

Revises the Internal Revenue Code to allow as a deduction: (1) the home improvement expenses (up to a maximum of $500) paid by a taxpayer; and (2) the residential addition amortization (the aggregate of which may not exceed $5,000).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 13 March 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 13 March 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 March 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 13 March 1975

  Open at official source

Sponsors

• Rep. Daniels, Dominick V. [D-NJ-14] · D · Sponsor
• Rep. Meyner, Helen S. [D-NJ-13] · D · Cosponsor
• Rep. Hicks, Floyd V. [D-WA-6] · D · Cosponsor
• Rep. Solarz, Stephen J. [D-NY-13] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to allow individuals a deduction for amounts paid or incurred for repairs or improvements of or additions to their principal residences.