3.0.0 2575 2023-01-11T13:31:59Z 2023-01-11T13:31:59Z Senate S 2016-02-24 114 ssfi00 Finance Committee Senate Standing Referred to 2016-02-24T20:19:31Z Healthy Homes Tax Credit Act 114 5251 HR 2016-05-16 Referred to the House Committee on Ways and Means. Identical 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 M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. N Taxation Hazardous wastes and toxic substances Income tax credits Residential rehabilitation and home repair Taxation 00 2016-02-24 Introduced in Senate 2016-03-29T19:25:34Z 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 A bill 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 Senate IS Short Titles as Introduced Healthy Homes Tax Credit Act Introduced in Senate 2016-02-24T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s2575is/xml/BILLS-114s2575is.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.