118th Congress Taxation
S. 657: Neighborhood Homes Investment Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Sherrod Brown D-OHOriginal
- Jerry Moran R-KSOriginal
- Ron Wyden D-OROriginal
- Todd Young R-INOriginal
- Shelley Capito R-WV
- Christopher Coons D-DE
- Catherine Cortez Masto D-NV
- Kevin Cramer R-ND
- Lindsey Graham R-SC
- Mark Warner D-VA
- Richard Durbin D-IL
- Cindy Hyde-Smith R-MS
- Timothy Kaine D-VA
- Roger Marshall R-KS
- Tammy Baldwin D-WI
- Tim Scott R-SC
Who scored on this bill
- 1Benjamin Cardin SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the Senate by Benjamin Cardin.
Show the full action history (4 actions)
- Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 118-555.
- Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-548.
- Introduced in Senate
- Read twice and referred to the Committee on Finance.