Neighborhood Homes Investment Act
- Last Action
- 6/9/2023
Actions
- 2023-06-09Referred to the House Committee on Ways and Means.
- 2023-06-09Introduced in House
- 2023-06-09Introduced in House
CRS Summary
As of 2023-06-09 (00)
Neighborhood Homes Investment Act
This bill allows a business-related tax credit for certain development costs for the acquisition, rehabilitation, or remediation of qualified real property (i.e., real property affixed on a permanent foundation and comprised of four or fewer residential units, a condominium unit, or a house or apartment owned by a cooperative housing corporation).
The bill also provides for the exclusion from gross income, for income tax purposes, of the value of any subsidy provided to a taxpayer by any state energy office for purposes of improvements made to a qualified residence.
Cosponsors (20)
- Brian Higgins (D-NY)
- Claudia Tenney (R-NY)
- Daniel Kildee (D-MI)
- Randy Feenstra (R-IA)
- Dwight Evans (D-PA)
- David Valadao (R-CA)
- Robert Wittman (R-VA)
- Tracey Mann (R-KS)
- David Kustoff (R-TN)
- Brian Fitzpatrick (R-PA)
- Derek Kilmer (D-WA)
- CHRISTOPHER SMITH (R-NJ)
- Elissa Slotkin (D-MI)
- Joyce Beatty (D-OH)
- Lori Chavez-DeRemer (R-OR)
- Carol Miller (R-WV)
- Dina Titus (D-NV)
- Joe Courtney (D-CT)
- Nicole Malliotakis (R-NY)
- Bill Johnson (R-OH)
Subjects
- Housing finance and home ownership
- Income tax credits
- Income tax exclusion
- Real estate business
- Residential rehabilitation and home repair
- State and local taxation
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.