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- S.198
S.198: New Homestead Economic Opportunity Act
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced Jan. 21, 2003
- Latest Major Action Jan. 21, 2003
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
11 (1 Democrat, 11 Republicans)
Bill Summary
New Homestead Economic Opportunity Act - Amends the Internal Revenue Code to permit a community homeownership tax credit based upon an applicable percentage of each qualified residence's eligible basis.Makes such credit available to residences located in a census tract with a median gross income not exceeding 80 percent of the greater area or statewide median gross income or in an area of chronic economic distress, and which is purchased by a...
(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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| Jan. 21, 2003 |
Introduced in the Senate by Gordon Harold Smith (R-Ore.) |