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- S.1081
S.1081: Low-to-Moderate Income Home Ownership Tax Credit Act
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced June 21, 2001
- Latest Major Action June 21, 2001
Bill Sponsor
Bill Cosponsor
Bill Summary
Low-to-Moderate Income Home Ownership Tax Credit Act - Amends the Internal Revenue Code to establish a low-to-moderate home ownership credit based upon an applicable percentage of each qualified low-to-moderate income building's qualified basis.Excludes from gross income certain gain from the sale of such housing.Makes the rehabilitation credit applicable to buildings, other than certified historic structures, that are at least 50 years old....
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| June 21, 2001 |
Introduced in the Senate by Robert G. Torricelli (D-N.J.) |