Healthy Homes Tax Credit Act

Summary

Healthy Homes Tax Credit Act This bill amends the Internal Revenue Code to allow new tax credits for 50% of: (1) lead hazard reduction activity costs, (2) radon hazard reduction activity costs, and (3) asbestos hazard reduction activity costs. These costs must be incurred with respect to an eligible dwelling and the credit for such costs is generally limited to $5,000 for any eligible dwelling in any taxable year, reduced by costs taken into account in previous taxable years. The bill defines an "eligible dwelling" generally as a dwelling unit that is: (1) placed in service before 1950; (2) located in the United States; and (3) a house, apartment, condominium, mobile home, boat, or similar property, but not a unit used exclusively as a hotel, motel, inn, or similar establishment.

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Timeline

1. 24 February 2016

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 24 February 2016

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 24 February 2016 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 24 February 2016

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 24 February 2016

  DownloadOpen at official source

• Introduced in Senate

  summary · EN · 24 February 2016

  Open at official source

Sponsors

• Sen. Murphy, Christopher [D-CT] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to ← Healthy Homes Tax Credit Act