United States · Bill · S
S. 1081 (107th)
Low-to-Moderate Income Home Ownership Tax Credit Act
Introduced
21 June 2001
Last action
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Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6612-6616)
Sponsors
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Subjects
Discovery layer
Source updated
19 August 2025
Summary
Low-to-Moderate Income Home Ownership Tax Credit Act - Amends the Internal Revenue Code to establish a low-to-moderate home ownership credit based upon an applicable percentage of each qualified low-to-moderate income building's qualified basis. Excludes from gross income certain gain from the sale of such housing. Makes the rehabilitation credit applicable to buildings, other than certified historic structures, that are at least 50 years old. (Current law requires a building to have been placed in service before 1936.)
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 21 June 2001
Introduced in Senate (PDF)
Introduced in Senate · EN · 21 June 2001
Introduced in Senate
summary · EN · 21 June 2001
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/107th-congress/senate-bill/1081
- Open data entity: https://api.congress.gov/v3/bill/107/s/1081