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United States · Bill · S

S. 859 (109th)

Community Development Homeownership Tax Credit Act

referredUnited States· United States Congress· EN

Introduced

20 April 2005

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

15 August 2025

Summary

Community Development Homeownership Tax Credit Act - Amends the Internal Revenue Code to allow homebuilders and investors a general business tax credit for building or substantially rehabilitating residences for low and moderate-income individuals in certain areas, including a rural area, an Indian reservation, or an area of chronic economic distress. Sets forth rules for the calculation of such credit and its administration and allocation by the States.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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