3.0.0 5251 2023-01-11T13:33:02Z 2023-01-11T13:33:02Z House HR 2016-05-16 114 [Congressional Record Volume 162, Number 77 (Monday, May 16, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. ESTY:H.R. 5251.Congress has the power to enact this legislation pursuantto the following:Clause 1 of Section 8 of Article I of the Constitution.[Page H2428]]]> hswm00 Ways and Means Committee House Standing Referred to 2016-05-16T16:01:45Z Healthy Homes Tax Credit Act 114 2575 S 2016-02-24 Read twice and referred to the Committee on Finance. Identical bill CRS 2016-05-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2016-05-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-05-16 Introduced in House IntroReferral 1000 9 Library of Congress E000293 Rep. Esty, Elizabeth H. [D-CT-5] Elizabeth Esty D CT H. 5 N D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2016-05-16 True K000386 Rep. Katko, John [R-NY-24] John Katko R NY 24 2016-09-21 False P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 2016-11-14 False Taxation Hazardous wastes and toxic substances Income tax credits Residential rehabilitation and home repair Taxation 00 2016-05-16 Introduced in House 2016-05-20T13:34:51Z Healthy Homes Tax Credit Act

This bill amends the Internal Revenue Code to allow new tax credits for 50% of: (1) lead hazard reduction activity costs, (2) radon hazard reduction activity costs, and (3) asbestos hazard reduction activity costs. These costs must be incurred with respect to an eligible dwelling and the credit for such costs is generally limited to $5,000 for any eligible dwelling in any taxable year, reduced by costs taken into account in previous taxable years.

The bill defines an "eligible dwelling" generally as a dwelling unit that is: (1) placed in service before 1950; (2) located in the United States; and (3) a house, apartment, condominium, mobile home, boat, or similar property, but not a unit used exclusively as a hotel, motel, inn, or similar establishment.

]]> Healthy Homes Tax Credit Act Display Title Healthy Homes Tax Credit Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide a tax credit for property owners who remove hazards relating to lead, asbestos, and radon. Introduced in House IH Short Titles as Introduced Healthy Homes Tax Credit Act Introduced in House 2016-05-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5251ih/xml/BILLS-114hr5251ih.xml 2016-05-16 Referred to the House Committee on Ways and Means. 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.