H.R.1549: Renewing the Dream Tax Credit Act

About This Bill

Bill Cosponsors

201 (94 Democrats, 1 Independent Democrat, 107 Republicans)

Bill Summary

Renewing the Dream Tax Credit Act - Amends the Internal Revenue Code to allow homebuilders and investors a general business tax credit for building or substantially rehabilitating residences for low and moderate-income individuals in certain areas, including a rural area, an Indian reservation, or an area of chronic economic distress. Sets forth rules for the calculation of such credit and its administration and allocation by the States.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
April 12, 2005

Introduced in the House by Thomas M. Reynolds (R-N.Y.)

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