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. 30 April 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 30 April 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 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

• Introduced in House

  summary · EN · 30 April 1975

  Open at official source

Sponsors

• Rep. Daniels, Dominick V. [D-NJ-14] · D · Sponsor
• Rep. Wolff, Lester L. [D-NY-6] · D · Cosponsor
• Rep. Weaver, James H. [D-OR-4] · D · Cosponsor
• Rep. Scheuer, James H. [D-NY-8] · D · Cosponsor
• Rep. Mitchell, Parren J. [D-MD-7] · 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.