3.0.0 98 2023-01-11T13:47:27Z 2023-01-11T13:47:27Z Senate S 2021-01-28 117 ssfi00 Finance Committee Senate Standing Referred to 2021-01-28T19:36:31Z Neighborhood Homes Investment Act 117 2143 HR 2021-03-23 Referred to the House Committee on Ways and Means. Related bill CRS 2021-01-28 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-01-28 Introduced in Senate IntroReferral 10000 9 Library of Congress C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD N P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2021-01-28 True C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2021-01-28 True Y000064 Sen. Young, Todd [R-IN] Todd Young R IN C. 2021-01-28 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2021-01-28 True S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2021-01-28 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2021-02-12 False M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS 2021-02-12 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2021-04-14 False G000359 Sen. Graham, Lindsey [R-SC] Lindsey Graham R SC 2021-05-11 False S001191 Sen. Sinema, Kyrsten [D-AZ] Kyrsten Sinema D AZ 2021-05-27 False P000145 Sen. Padilla, Alex [D-CA] Alex Padilla D CA 2021-05-27 False V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2021-05-27 False C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore 2021-06-09 False B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2021-06-09 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2021-06-09 False F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2021-09-15 False P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2022-01-12 False W000790 Sen. Warnock, Raphael G. [D-GA] Raphael Warnock D GA G. 2022-03-24 False B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2022-03-24 False M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. 2022-03-24 False C001096 Sen. Cramer, Kevin [R-ND] Kevin Cramer R ND 2022-05-11 False S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2022-08-02 False C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV 2022-08-02 False Taxation Building construction Business investment and capital Economic development Economic performance and conditions Government information and archives Housing and community development funding Housing finance and home ownership Housing supply and affordability Income tax credits Inflation and prices Residential rehabilitation and home repair Taxation 00 2021-01-28 Introduced in Senate 2021-05-20T15:19:41Z Neighborhood Homes Investment Act

This bill establishes a new business-related tax credit to finance home building and rehabilitation in neighborhoods that meet certain eligibility criteria relating to poverty rates, income, and home values. The credit is limited to 35% of the lesser of the qualified development cost (i.e., the cost of construction, substantial rehabilitation, demolition, and environmental remediation of residential properties) or 80% of the national median sale price for new homes. The credit applies to single family homes containing four or fewer residential units, condominiums, or houses or apartments owned by cooperative housing corporations.

]]> Neighborhood Homes Investment Act Display Title Neighborhood Homes Investment Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to allow a credit against tax for neighborhood revitalization, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Neighborhood Homes Investment Act Introduced in Senate IS Introduced in Senate 2021-01-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s98is/xml/BILLS-117s98is.xml 2021-01-28 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.