Bill Sponsor
Senate Bill 4908
116th Congress(2019-2020)
Home Lead Safety Tax Credit Act of 2020
Introduced
Introduced
Introduced in Senate on Nov 18, 2020
Overview
Text
Introduced
Nov 18, 2020
Latest Action
Nov 18, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4908
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Democrat
Rhode Island
Democrat
Michigan
Democrat
New Hampshire
Democrat
New Hampshire
Democrat
New Jersey
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

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.

Text (1)
November 18, 2020
Actions (2)
11/18/2020
Read twice and referred to the Committee on Finance.
11/18/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:44:10 PM