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118th Congress Taxation

H.R. 3940: Neighborhood Homes Investment Act

Introduced

  1. Introduced (completed)Jun 9, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Jun 9, 2023

This bill allows a business-related tax credit for certain development costs for the acquisition, rehabilitation, or remediation of qualified real property (i.e., real property affixed on a permanent foundation and comprised of four or fewer residential units, a condominium unit, or a house or apartment owned by a cooperative housing corporation).

The bill also provides for the exclusion from gross income, for income tax purposes, of the value of any subsidy provided to a taxpayer by any state energy office for purposes of improvements made to a qualified residence.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

111

Bipartisan support.

Who scored on this bill

24 points earned
  1. 1Mike Kelly R-PA SponsorDrew cross-party cosponsors, introduced, reached a cosponsor milestone5 events+24
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Mike Kelly

History

  1. Jun 9, 2023Introduced in the House by Mike Kelly.
Show the full action history (2 actions)
  1. Jun 9, 2023Introduced in House
  2. Jun 9, 2023Referred to the House Committee on Ways and Means.