3.0.0 2573 2023-01-11T13:31:59Z 2023-01-11T13:31:59Z Senate S 2016-02-24 114 ssfi00 Finance Committee Senate Standing Referred to 2016-02-24T19:11:03Z True LEADership Act of 2016 114 2821 S 2016-04-20 Read twice and referred to the Committee on Finance. Related bill CRS 2016-02-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2016-02-24 Introduced in Senate IntroReferral 10000 9 Library of Congress W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI N S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2016-02-24 True C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2016-02-24 True Taxation Child health Child safety and welfare Hazardous wastes and toxic substances Income tax credits Residential rehabilitation and home repair Taxation 00 2016-02-24 Introduced in Senate 2016-06-16T22:13:20Z Home Lead Safety Tax Credit Act of 2016

This bill allows owners of eligible dwelling units a new tax credit for up to 50% of the lead hazard reduction activity costs for each such unit in a taxable year. An "eligible dwelling unit" is any unit located in the United States that was placed in service before 1978 and the residents of which during the preceding taxable year have a cumulative adjusted gross income of less than $110,000.

The bill: (1) specifies the types of lead hazard reduction activity costs eligible for the credit, including risk assessment and abatement costs; and (2) limits the amount of the credit in any taxable year to $3,000 for specified abatement measures and $1,000 for interim lead control measures.

]]> Home Lead Safety Tax Credit Act of 2016 Display Title Home Lead Safety Tax Credit Act of 2016 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide a tax credit for taxpayers who remove lead-based hazards. Introduced in Senate IS Short Titles as Introduced Home Lead Safety Tax Credit Act of 2016 Introduced in Senate 2016-02-24T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s2573is/xml/BILLS-114s2573is.xml 2016-02-24 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.