3.0.0 1078 2023-01-11T19:42:17Z 2023-01-11T19:42:17Z Senate S S 2007-04-10 110 ssfi00 Finance Committee Senate Standing Referred to 2007-04-10T15:58:33Z Housing America's Workforce Act 110 1850 HR 2007-03-29 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Identical bill CRS 2007-04-10 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-04-10 Sponsor introductory remarks on measure. (CR S4309-4310) IntroReferral B00100 9 Library of Congress 2007-04-10 Introduced in Senate IntroReferral 10000 9 Library of Congress C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R N M001162 Sen. Martinez, Mel [R-FL] Mel Martinez R FL 2007-04-10 True K000105 Sen. Kennedy, Edward M. [D-MA] EDWARD KENNEDY D MA MOORE 2007-04-10 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2007-04-10 True L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2007-04-10 True R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2007-04-10 True S001142 Sen. Smith, Gordon H. [R-OR] GORDON SMITH R OR H. 2007-04-10 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2007-06-12 False Taxation Commerce Congress Congressional investigations Corporation taxes Cost of living adjustments Economics and Public Finance Employee benefit plans Federal aid to housing Finance and Financial Sector Government Operations and Politics Government publicity Home ownership Housing and Community Development Housing finance Housing subsidies Income tax Indexing (Economic policy) Labor and Employment Mortgages Rent Tax credits Tax exclusion Taxation 00 2007-04-10 Introduced in Senate 2007-05-12T15:32:16Z Housing America's Workforce Act - Amends the Internal Revenue Code to allow employers a business tax credit for up to 50 percent of the qualified housing expenses paid for the benefit of their employees. Defines "qualified housing expenses" to include homeownership assistance and rental assistance. Limits the amount of such credit to the lesser of $10,000 or six percent of an employee's home purchase price, or up to $2,000 for rental assistance. Excludes from employee gross income the value of employer-paid housing assistance.

Authorizes the Secretary of Housing and Urban Development to award grants in FY2008-FY2010, on a competitive basis, to nonprofit housing organizations or local governments for certain costs, including operating costs and technical assistance costs, of employer-assisted housing programs. Requires the Secretary to establish a national clearinghouse, including a website, to provide information about employer-assisted housing programs to federal, state, and local governments and other interested entities.

Directs the Comptroller General to conduct a national evaluation of employer-assisted housing programs and provide to the Secretary an interim report by January 1, 2011, and final report by December 31, 2012.

]]> Housing America's Workforce Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide incentives for employer-provided employee housing assistance, and for other purposes. Introduced in Senate IS Display Title Housing America's Workforce Act Short Titles as Introduced Housing America's Workforce Act Introduced in Senate 2007-04-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s1078is/xml/BILLS-110s1078is.xml 2007-04-10 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.