US Congress Senate Bill 2573 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 24 2016 - 25% progression, died in committee
Action: 2016-02-24 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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

Sen. Sheldon Whitehouse [D-RI]

Sen. Charles Schumer [D-NY]

Sen. Robert Casey [D-PA]

Date	Chamber	Action
2016-02-24	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2573/all-info
Text	https://www.congress.gov/114/bills/s2573/BILLS-114s2573is.pdf