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- S.677
S.677: Housing Bond and Credit Modernization and Fairness Act of 2001
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced April 2, 2001
- Latest Major Action April 2, 2001
Bill Sponsor
Bill Cosponsors
79 (42 Democrats, 1 Independent, 37 Republicans)
Bill Summary
Housing Bond and Credit Modernization and Fairness Act of 2001 - Amends the Internal Revenue Code to: (1) repeal the required use of certain principal repayments on mortgage subsidy bond financings to redeem bonds; (2) modify the purchase price limitation under mortgage subsidy bond rules based on median family income; and (3) define the term "area median gross income" for low-income housing credit projects.
(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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| April 2, 2001 |
Introduced in the Senate by Orrin G. Hatch (R-Utah) |