United States · Bill · S
S. 2050 (95th)
Individual Housing Account Act
Introduced
5 August 1977
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Individual Housing Account Act - Amends the Internal Revenue Code to allow an individual who does not own and has never owned a principal residence an income tax credit for 20 percent of the amounts paid in cash to an individual housing account, up to a maximum credit of $500 annually and $2,000 in a lifetime. Makes such accounts tax exempt.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 5 August 1977
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/95th-congress/senate-bill/2050
- Open data entity: https://api.congress.gov/v3/bill/95/s/2050