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Home Lead Safety Tax Credit Act of 2020

USA116th CongressS-4908| Senate 
| Updated: 11/18/2020
Sheldon Whitehouse

Sheldon Whitehouse

Democratic Senator

Rhode Island

Cosponsors (7)
Jeanne Shaheen (Democratic)Margaret Wood Hassan (Democratic)Charles E. Schumer (Democratic)Kirsten E. Gillibrand (Democratic)Cory A. Booker (Democratic)Gary C. Peters (Democratic)Richard Blumenthal (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Home Lead Safety Tax Credit Act of 2020 This bill allows owners of eligible dwelling units a new tax credit through 2023 for up to 50% of the lead hazard reduction activity costs for each such unit in a taxable year. An eligible dwelling unit is any unit located in the United States that was placed in service before 1978. The bill (1) specifies the types of lead hazard reduction activity costs eligible for the credit, including risk assessment and abatement costs; and (2) limits the amount of the credit in any taxable year to $3,000 for specified abatement measures and $1,000 for interim lead control measures.
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Timeline
Mar 12, 2020

Latest Companion Bill Action

HR 116-6233
Introduced in House
Nov 18, 2020
Introduced in Senate
Nov 18, 2020
Read twice and referred to the Committee on Finance.
  • March 12, 2020

    Latest Companion Bill Action

    HR 116-6233
    Introduced in House


  • November 18, 2020
    Introduced in Senate


  • November 18, 2020
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 116-6233: Home Lead Safety Tax Credit Act of 2020
Child healthChild safety and welfareHazardous wastes and toxic substancesIncome tax creditsResidential rehabilitation and home repair

Home Lead Safety Tax Credit Act of 2020

USA116th CongressS-4908| Senate 
| Updated: 11/18/2020
Home Lead Safety Tax Credit Act of 2020 This bill allows owners of eligible dwelling units a new tax credit through 2023 for up to 50% of the lead hazard reduction activity costs for each such unit in a taxable year. An eligible dwelling unit is any unit located in the United States that was placed in service before 1978. The bill (1) specifies the types of lead hazard reduction activity costs eligible for the credit, including risk assessment and abatement costs; and (2) limits the amount of the credit in any taxable year to $3,000 for specified abatement measures and $1,000 for interim lead control measures.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 12, 2020

Latest Companion Bill Action

HR 116-6233
Introduced in House
Nov 18, 2020
Introduced in Senate
Nov 18, 2020
Read twice and referred to the Committee on Finance.
  • March 12, 2020

    Latest Companion Bill Action

    HR 116-6233
    Introduced in House


  • November 18, 2020
    Introduced in Senate


  • November 18, 2020
    Read twice and referred to the Committee on Finance.
Sheldon Whitehouse

Sheldon Whitehouse

Democratic Senator

Rhode Island

Cosponsors (7)
Jeanne Shaheen (Democratic)Margaret Wood Hassan (Democratic)Charles E. Schumer (Democratic)Kirsten E. Gillibrand (Democratic)Cory A. Booker (Democratic)Gary C. Peters (Democratic)Richard Blumenthal (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 116-6233: Home Lead Safety Tax Credit Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Child healthChild safety and welfareHazardous wastes and toxic substancesIncome tax creditsResidential rehabilitation and home repair