Legis Daily

Home Lead Safety Tax Credit Act of 2021

USA117th CongressS-1479| Senate 
| Updated: 4/29/2021
Sheldon Whitehouse

Sheldon Whitehouse

Democratic Senator

Rhode Island

Cosponsors (7)
Margaret Wood Hassan (Democratic)Charles E. Schumer (Democratic)Kirsten E. Gillibrand (Democratic)Alex Padilla (Democratic)Christopher Murphy (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 2021 This bill allows owners of eligible dwelling units a new tax credit through 2024 for 50% of the lead hazard reduction activity costs for each such unit, up to an aggregate of $4,000 per unit. 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

Bill from Previous Congress

S 116-4908
Home Lead Safety Tax Credit Act of 2020
Apr 28, 2021

Latest Companion Bill Action

HR 117-2875
Introduced in House
Apr 29, 2021
Introduced in Senate
Apr 29, 2021
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-4908
    Home Lead Safety Tax Credit Act of 2020


  • April 28, 2021

    Latest Companion Bill Action

    HR 117-2875
    Introduced in House


  • April 29, 2021
    Introduced in Senate


  • April 29, 2021
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 117-2875: Home Lead Safety Tax Credit Act of 2021
Child healthChild safety and welfareHazardous wastes and toxic substancesIncome tax creditsResidential rehabilitation and home repair

Home Lead Safety Tax Credit Act of 2021

USA117th CongressS-1479| Senate 
| Updated: 4/29/2021
Home Lead Safety Tax Credit Act of 2021 This bill allows owners of eligible dwelling units a new tax credit through 2024 for 50% of the lead hazard reduction activity costs for each such unit, up to an aggregate of $4,000 per unit. 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

Bill from Previous Congress

S 116-4908
Home Lead Safety Tax Credit Act of 2020
Apr 28, 2021

Latest Companion Bill Action

HR 117-2875
Introduced in House
Apr 29, 2021
Introduced in Senate
Apr 29, 2021
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-4908
    Home Lead Safety Tax Credit Act of 2020


  • April 28, 2021

    Latest Companion Bill Action

    HR 117-2875
    Introduced in House


  • April 29, 2021
    Introduced in Senate


  • April 29, 2021
    Read twice and referred to the Committee on Finance.
Sheldon Whitehouse

Sheldon Whitehouse

Democratic Senator

Rhode Island

Cosponsors (7)
Margaret Wood Hassan (Democratic)Charles E. Schumer (Democratic)Kirsten E. Gillibrand (Democratic)Alex Padilla (Democratic)Christopher Murphy (Democratic)Gary C. Peters (Democratic)Richard Blumenthal (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 117-2875: Home Lead Safety Tax Credit Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Child healthChild safety and welfareHazardous wastes and toxic substancesIncome tax creditsResidential rehabilitation and home repair