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- S.875
S.875: Community Development Homeownership Tax Credit Act
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced April 10, 2003
- Latest Major Action April 10, 2003
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
45 (28 Democrats, 1 Independent, 17 Republicans)
Bill Summary
Community Development Homeownership Tax Credit 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 (including factory built homes) located: (1) in a census tract with a median gross income not exceeding 80 percent of the greater area or statewide median gross income; (2) in a rural area;...
(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 10, 2003 |
Introduced in the Senate by John Kerry (D-Mass.) |