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United States · Bill · S

S. 496 (105th)

Historic Homeownership Assistance Act

referredUnited States· United States Congress· EN

Introduced

20 March 1997

Last action

20 March 1997 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Chafee, John H. [R-RI], Sen. Graham, Bob [D-FL], Sen. Jeffords, James M. [I-VT], Sen. Leahy, Patrick J. [D-VT], Sen. Cochran, Thad [R-MS], Sen. Ford, Wendell H. [D-KY], Sen. Breaux, John B. [D-LA], Sen. Kerrey, J. Robert [D-NE], Sen. Allard, Wayne [R-CO], Sen. Rockefeller, John D., IV [D-WV], Sen. D'Amato, Alfonse [R-NY], Sen. Coats, Daniel [R-IN], Sen. Helms, Jesse [R-NC], Sen. Specter, Arlen [R-PA], Sen. Baucus, Max [D-MT], Sen. Moynihan, Daniel Patrick [D-NY], Sen. Reed, Jack [D-RI], Sen. Hutchinson, Tim [R-AR], Sen. Moseley-Braun, Carol [D-IL], Sen. Landrieu, Mary L. [D-LA], Sen. Durbin, Richard J. [D-IL], Sen. Lott, Trent [R-MS], Sen. Torricelli, Robert G. [D-NJ], Sen. Johnson, Tim [D-SD], Sen. Bryan, Richard H. [D-NV], Sen. Hatch, Orrin G. [R-UT], Sen. Dodd, Christopher J. [D-CT]

Subjects

Taxation

Source updated

21 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Historic Homeownership Assistance Act - Amends the Internal Revenue Code to allow a tax credit for 20 percent of the qualified rehabilitation expenditures made by a taxpayer with respect to a certified historic home which has been substantially rehabilitated and which is owned by the taxpayer and used as his or her principal residence. Allows the credit for such expenditures to be taken by a purchaser of the rehabilitated home. Permits, in lieu of the credit, a historic rehabilitation mortgage credit certificate, which shall be transferred to a lender in exchange for a reduction in the rate of interest on the loan secured by the building.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 20 March 1997

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 20 March 1997

    Introduced

    Sponsor introductory remarks on measure. (CR S2665-2666)

    Source: IntroReferral

  3. 20 March 1997

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 20 March 1997

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 20 March 1997

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 20 March 1997

    Open at official source

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Sponsors

Related records

Sources

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