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- H.R.4696
H.R.4696: HOME Act
About This Bill
- Introduced March 3, 2016
- Latest Major Action March 3, 2016
Bill Sponsor
Bill Cosponsors
6 (5 Democrats, 1 Republican)
Bill Summary
Helping Our Middle-Income Earners Act or the HOME Act This bill amends the Internal Revenue Code to allow individual taxpayers an income-based tax deduction, up to $5,000, for qualified homeowners association assessments paid during the taxable year. The bill defines "qualified homeowners association assessments" as regularly occurring, mandatory financial assessments: (1) that are paid by a taxpayer to a homeowners association for the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 3, 2016 |
Referred to the House Committee on Ways and Means.
|
| March 3, 2016 |
Introduced in the House by Anna G. Eshoo (D-Calif.) |