3.0.0 875 2023-01-15T23:33:10Z 2023-01-15T23:33:10Z Senate S S 2003-04-10 108 ssfi00 Finance Committee Senate Standing Referred to 2003-04-10T22:03:43Z 2003-04-10 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2003-04-10 Sponsor introductory remarks on measure. (CR S5201-5203) IntroReferral B00100 9 Library of Congress 2003-04-10 Introduced in Senate IntroReferral 10000 9 Library of Congress K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES N S000059 Sen. Santorum, Rick [R-PA] RICK SANTORUM R PA 2003-04-10 True S000064 Sen. Sarbanes, Paul S. [D-MD] PAUL SARBANES D MD SPYROS 2003-04-10 True A000109 Sen. Allard, Wayne [R-CO] A. ALLARD R CO WAYNE 2003-04-10 True D000064 Sen. Daschle, Thomas A. [D-SD] THOMAS DASCHLE D SD ANDREW 2003-04-10 True K000105 Sen. Kennedy, Edward M. [D-MA] EDWARD KENNEDY D MA MOORE 2003-04-10 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2003-04-10 True C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R 2003-04-10 True C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2003-05-05 False J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2003-05-06 False S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2003-05-13 False B001126 Sen. Burns, Conrad R. [R-MT] CONRAD BURNS R MT R. 2003-05-13 False H001028 Sen. Hagel, Chuck [R-NE] CHUCK HAGEL R NE 2003-05-14 False B001233 Sen. Bayh, Evan [D-IN] EVAN BAYH D IN 2003-05-14 False C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2003-05-14 False S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2003-05-15 False R000146 Sen. Reid, Harry [D-NV] HARRY REID D NV M. 2003-05-19 False A000121 Sen. Allen, George [R-VA] GEORGE ALLEN R VA F. 2003-05-19 False C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2003-05-20 False D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2003-05-22 False D000596 Sen. Dayton, Mark [D-MN] MARK DAYTON D MN 2003-05-22 False G000445 Sen. Gregg, Judd [R-NH] Judd Gregg R NH 2003-06-03 False H001016 Sen. Hutchison, Kay Bailey [R-TX] KAY HUTCHISON R TX BAILEY 2003-06-12 False L000035 Sen. Lincoln, Blanche L. [D-AR] BLANCHE LINCOLN D AR LAMBERT 2003-06-20 False M000702 Sen. Mikulski, Barbara A. [D-MD] BARBARA MIKULSKI D MD ANN 2003-06-24 False J000072 Sen. Jeffords, James M. [I-VT] JAMES JEFFORDS I VT MERRILL 2003-06-25 False C000077 Sen. Campbell, Ben Nighthorse [R-CO] BEN CAMPBELL R CO NIGHTHORSE 2003-06-25 False C000705 Sen. Conrad, Kent [D-ND] KENT CONRAD D ND 2003-07-07 False W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2003-07-14 False E000194 Sen. Ensign, John [R-NV] JOHN ENSIGN R NV 2003-07-15 False D000432 Sen. Dorgan, Byron L. [D-ND] BYRON DORGAN D ND LESLIE 2003-07-30 False P000590 Sen. Pryor, Mark L. [D-AR] Mark Pryor D AR Lunsford 2003-09-15 False H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD 2003-09-15 False C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2003-09-15 False C001042 Sen. Corzine, Jon S. [D-NJ] JON CORZINE D NJ S. 2003-09-30 False L000123 Sen. Lautenberg, Frank R. [D-NJ] FRANK LAUTENBERG D NJ R. 2003-10-23 False R000361 Sen. Rockefeller, John D., IV [D-WV] JAY ROCKEFELLER D WV 2003-11-03 False M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2003-11-06 False L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA 2004-03-25 False N000180 Sen. Nelson, Ben [D-NE] E. Nelson D NE Benjamin 2004-05-11 False C001040 Sen. Chafee, Lincoln [R-RI] LINCOLN CHAFEE R RI D. 2004-05-21 False F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2004-05-21 False D000294 Sen. DeWine, Mike [R-OH] MICHAEL DEWINE R OH 2004-05-21 False D000388 Sen. Dodd, Christopher J. [D-CT] CHRISTOPHER DODD D CT JOHN 2004-06-01 False S000709 Sen. Specter, Arlen [R-PA] ARLEN SPECTER R PA 2004-06-24 False W000154 Sen. Warner, John [R-VA] JOHN WARNER R VA WILLIAM 2004-09-20 False Taxation Commerce Community development Cost of living adjustments Depressed areas Economics and Public Finance Finance and Financial Sector Government Operations and Politics Government paperwork Home ownership Housing and Community Development Housing authorities Income tax Indexing (Economic policy) Indian housing Infrastructure Liens Low-income housing Minorities Nonprofit organizations Rental housing Residential rehabilitation Rural housing Social Welfare Tax credits Tax returns Tax-exempt organizations Urban affairs Taxation 00 2003-04-10 Introduced in Senate 2006-11-28T17:35:40Z Makes such credit available to residences (including factory built homes) located: (1) in a census tract with a median gross income not exceeding 80 percent of the greater area or statewide median gross income; (2) in a rural area; (3) on an Indian reservation; or (4) in an area of chronic economic distress. Prohibits a buyer's income from exceeding 80 percent (70 percent for families of less than three) of the area gross median income and requires owner occupancy.

Specifies that the aggregate homeownership credit dollar amount which a homeownership credit agency (an "agency") may disburse is the portion of the "State homeownership credit ceiling" (the "ceiling") allocated to such agency. Allows "unused homeownership credit carryovers" to be allocated among qualified States. Sets aside up to 90 percent of a State's ceiling for certain housing projects in which a qualified nonprofit organization owns an interest and materially participates in the given project's development and operation throughout the credit period.

Requires allocation of credit to residences to be in accordance with a "qualified allocation plan" of the agency issuing credit. Lists certain specified criteria such a plan must include and specifies that the plan must be approved by the governmental unit of which such agency is a part.]]>

Community Development Homeownership Tax Credit Act Display Title Community Development Homeownership Tax Credit Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to allow an income tax credit for the provision of homeownership and community development, and for other purposes. Introduced in Senate IS Short Titles as Introduced Community Development Homeownership Tax Credit Act Introduced in Senate 2003-04-10T04:00:00Z 2003-04-10 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.