3.0.0 1213 2021-09-27T21:18:58Z 2021-09-27T21:18:58Z House H HR 2013-03-15 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ELLISON:H.R. 1213.Congress has the power to enact this legislation pursuantto the following:Congress has the power to enact this legislation pursuantto Article I, Section 7, Clause 1 and Section 8, Clause 1.[Page H1548]]]> hsba00 Financial Services Committee House Standing Referred to 2013-03-15T13:02:40Z hswm00 Ways and Means Committee House Standing Referred to 2013-03-15T13:02:35Z 2013-03-15 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-03-15 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2013-03-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-03-15 Introduced in House IntroReferral 1000 9 Library of Congress E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 N S000185 Rep. Scott, Robert C. "Bobby" [D-VA-3] Robert Scott D VA C. "Bobby" 3 2013-03-15 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2013-04-12 False 2013-07-22 L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2013-04-12 False G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2013-04-24 False P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2013-04-26 False 2013-06-25 M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2013-05-07 False S000480 Rep. Slaughter, Louise McIntosh [D-NY-25] LOUISE SLAUGHTER D NY M. 25 2013-05-14 False C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2013-05-20 False J000294 Rep. Jeffries, Hakeem S. [D-NY-8] Hakeem Jeffries D NY S. 8 2013-06-03 False W000808 Rep. Wilson, Frederica S. [D-FL-24] Frederica Wilson D FL S. 24 2013-06-18 False L000579 Rep. Lowenthal, Alan S. [D-CA-47] Alan Lowenthal D CA S. 47 2013-06-28 False T000469 Rep. Tonko, Paul [D-NY-20] Paul Tonko D NY 20 2013-09-17 False E000290 Rep. Edwards, Donna F. [D-MD-4] Donna Edwards D MD F. 4 2014-01-09 False H001034 Rep. Honda, Michael M. [D-CA-17] MICHAEL HONDA D CA M. 17 2014-01-28 False C000714 Rep. Conyers, John, Jr. [D-MI-13] JOHN CONYERS D MI 13 2014-05-06 False B001251 Rep. Butterfield, G. K. [D-NC-1] G. K. Butterfield D NC 1 2014-09-09 False R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2014-09-16 False H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2014-12-04 False Taxation Cooperative and condominium housing Government trust funds Housing finance and home ownership Housing supply and affordability Income tax credits Income tax deductions Inflation and prices Interest, dividends, interest rates Low- and moderate-income housing Public housing State and local taxation Taxation 00 2013-03-15 Introduced in House 2013-04-03T21:56:59Z Common Sense Housing Investment Act of 2013 - Amends the Internal Revenue Code, with respect to the tax deduction for mortgage interest, to: (1) allow, in lieu of such deduction, a tax credit for 15% of mortgage interest paid in a taxable year for the taxpayer's principal residence and one other residence; (2) provide for a phaseout of the tax deduction for mortgage interest between 2014 and 2018; (3) allow a deduction for interest and taxes relating to land for dwelling purposes owned or leased by cooperative housing corporations; and (4) increase the state housing credit ceiling for the low-income housing tax credit.

Directs the Secretary of the Treasury to apply the savings from the enactment of this Act to the Housing Trust Fund, for assistance under the Section 8 low-income housing program, and for the Public Housing Capital Fund.

]]> Common Sense Housing Investment Act of 2013 Short Titles as Introduced Common Sense Housing Investment Act of 2013 Display Title Common Sense Housing Investment Act of 2013 Official Title as Introduced To amend the Internal Revenue Code of 1986 to replace the mortgage interest deduction with a nonrefundable credit for indebtedness secured by a residence, to provide affordable housing to extremely low-income families, and for other purposes. Introduced in House 2013-03-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr1213ih/xml/BILLS-113hr1213ih.xml 2013-03-15 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. 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.