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- S.595
S.595: Housing Bond and Credit Modernization and Fairness Act of 2003
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced March 11, 2003
- Latest Major Action March 11, 2003
Bill Sponsor
Bill Cosponsors
72 (36 Democrats, 1 Independent, 36 Republicans)
Bill Summary
Housing Bond and Credit Modernization and Fairness Act of 2003 - 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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| March 11, 2003 |
Introduced in the Senate by Orrin G. Hatch (R-Utah) |