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United States · Bill · HR

H.R. 5842 (94th)

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.

referredUnited States· United States Congress· EN

Introduced

10 April 1975

Last action

10 April 1975 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Daniels, Dominick V. [D-NJ-14], Rep. Brown, George E., Jr. [D-CA-42], Rep. Hicks, Floyd V. [D-WA-6], Rep. Collins, James M. [R-TX-3], Rep. Ryan, Leo J. [D-CA-11], Rep. Hannaford, Mark W. [D-CA-34], Sen. Riegle, Donald W., Jr. [D-MI], Rep. Stokes, Louis [D-OH-11], Rep. Sarasin, Ronald A. [R-CT-5], Rep. Diggs, Charles C., Jr. [D-MI-13], Rep. Blanchard, James [D-MI-18], Rep. Abzug, Bella S. [D-NY-20], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Chisholm, Shirley [D-NY-12], Rep. Alexander, Bill [D-AR-1], Rep. Carr, Bob [D-MI-8], Rep. Roe, Robert A. [D-NJ-8], Rep. Howard, James J. [D-NJ-3], Rep. Horton, Frank J. [R-NY-29], Rep. Mineta, Norman Y. [D-CA-15], Rep. Macdonald, Torbert H. [D-MA-7], Rep. Hyde, Henry J. [R-IL-6], Rep. St Germain, Fernand J. [D-RI-1], Rep. Wydler, John W. [R-NY-5], Rep. Daniel, W. C. (Dan) [D-VA-5]

Subjects

Discovery layer

Source updated

1 August 2024

Official sourceView documentsShare

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. 10 April 1975

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 10 April 1975

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 10 April 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

Leesvertaling

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Sponsors

Related records

Sources

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