US Congress Senate Bill 2575 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
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]

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

Sen. Christopher Murphy [D-CT]

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

HB5251 (Same As) 2016-05-16 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2575/all-info
Text	https://www.congress.gov/114/bills/s2575/BILLS-114s2575is.pdf