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To amend the Internal Revenue Code of 1986 to provide incentives for employer-provided employee housing assistance, and for other purposes.

USA115th CongressHR-764| House 
| Updated: 1/31/2017
Nydia M. Velázquez

Nydia M. Velázquez

Democratic Representative

New York

Ways and Means Committee, Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Housing America's Workforce Act of 201 7 This bill amends the Internal Revenue Code to allow employers a business-related tax credit for up to 50% (100% for small business employers) of the qualified housing expenses paid for the benefit of their employees. The bill defines "qualified housing expenses" to include homeownership assistance and rental assistance. The bill limits the annual amount of such credit per employee to the lesser of $10,000 or 6% of an employee's home purchase price, or up to $5,000 for rental assistance, adjusted for inflation after 2017. The bill excludes from employee gross income the value of employer-paid housing assistance. The Department of Housing and Urban Development (HUD) may award grants in FY2017-FY2019, on a competitive basis, to nonprofit housing organizations or local governments for certain costs, including operating costs and technical assistance costs, of employer-assisted housing programs. HUD must establish a national clearinghouse, including a website, to provide information about employer-assisted housing programs to federal, state, and local governments; and other interested entities. The Government Accountability Office must conduct a study of employer-assisted housing programs and provide HUD with an interim report by January 1, 2020, and final report by December 31, 2021.
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Timeline
Jan 31, 2017
Introduced in House
Jan 31, 2017
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • January 31, 2017
    Introduced in House


  • January 31, 2017
    Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Taxation

Employee benefits and pensionsGovernment studies and investigationsHousing and community development fundingHousing finance and home ownershipHousing supply and affordabilityIncome tax creditsIncome tax exclusionSmall business

To amend the Internal Revenue Code of 1986 to provide incentives for employer-provided employee housing assistance, and for other purposes.

USA115th CongressHR-764| House 
| Updated: 1/31/2017
Housing America's Workforce Act of 201 7 This bill amends the Internal Revenue Code to allow employers a business-related tax credit for up to 50% (100% for small business employers) of the qualified housing expenses paid for the benefit of their employees. The bill defines "qualified housing expenses" to include homeownership assistance and rental assistance. The bill limits the annual amount of such credit per employee to the lesser of $10,000 or 6% of an employee's home purchase price, or up to $5,000 for rental assistance, adjusted for inflation after 2017. The bill excludes from employee gross income the value of employer-paid housing assistance. The Department of Housing and Urban Development (HUD) may award grants in FY2017-FY2019, on a competitive basis, to nonprofit housing organizations or local governments for certain costs, including operating costs and technical assistance costs, of employer-assisted housing programs. HUD must establish a national clearinghouse, including a website, to provide information about employer-assisted housing programs to federal, state, and local governments; and other interested entities. The Government Accountability Office must conduct a study of employer-assisted housing programs and provide HUD with an interim report by January 1, 2020, and final report by December 31, 2021.
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Suggested Questions

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Timeline
Jan 31, 2017
Introduced in House
Jan 31, 2017
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • January 31, 2017
    Introduced in House


  • January 31, 2017
    Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Nydia M. Velázquez

Nydia M. Velázquez

Democratic Representative

New York

Ways and Means Committee, Financial Services Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsGovernment studies and investigationsHousing and community development fundingHousing finance and home ownershipHousing supply and affordabilityIncome tax creditsIncome tax exclusionSmall business