3.0.0 480 2023-01-11T13:29:03Z 2023-01-11T13:29:03Z House HR 2015-01-22 114 [Congressional Record Volume 161, Number 11 (Thursday, January 22, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. VELAZQUEZ:H.R. 480.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The Congress shall have Power to lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defence and general Welfare of the United States;but all Duties, Imposts and Excises shall be uniformthroughout the United States.[Page H533]]]> hsba00 Financial Services Committee House Standing Referred to 2015-01-22T14:05:00Z hswm00 Ways and Means Committee House Standing Referred to 2015-01-22T14:04:50Z 2015-01-22 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 2015-01-22 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-A 9 Library of Congress 2015-01-22 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 2015-01-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-01-22 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 N Taxation Employee benefits and pensions Government studies and investigations Housing and community development funding Housing finance and home ownership Housing supply and affordability Income tax credits Income tax exclusion Small business Taxation 00 2015-01-22 Introduced in House 2015-02-24T22:49:44Z Housing America's Workforce Act of 2015

Amends the Internal Revenue Code to allow employers a business-related tax credit for up to 50% (100% for small business employers) 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 6% of an employee's home purchase price, or up to $5,000 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 FY2015-FY2017, 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 study of employer-assisted housing programs and provide the Secretary with an interim report by January 1, 2018, and final report by December 31, 2019.

]]> Housing America's Workforce Act of 2015 Display Title Housing America's Workforce Act of 2015 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide incentives for employer-provided employee housing assistance, and for other purposes. Introduced in House IH Short Titles as Introduced Housing America's Workforce Act of 2015 Introduced in House 2015-01-22T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr480ih/xml/BILLS-114hr480ih.xml 2015-01-22 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.