House Bill 2143
117th Congress(2021-2022)
Neighborhood Homes Investment Act
Introduced
Introduced in House on Mar 23, 2021
Origin Chamber
House
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
2143
Congress
117
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.
Brian Higgins
grade
New York
Alabama
Arizona
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
Colorado
Colorado
Connecticut
Connecticut
Connecticut
Connecticut
Connecticut
Florida
Florida
Florida
Florida
Florida
Georgia
Georgia
Georgia
Georgia
Georgia
Georgia
Illinois
Illinois
Illinois
Illinois
Illinois
Illinois
Illinois
Indiana
Iowa
Kansas
Kentucky
Maryland
Massachusetts
Massachusetts
Massachusetts
Massachusetts
Michigan
Michigan
Michigan
Michigan
Michigan
Minnesota
Minnesota
Minnesota
Missouri
Missouri
Nebraska
Nevada
New Hampshire
New Jersey
New Jersey
New Jersey
New Jersey
New Jersey
New Mexico
New York
New York
New York
New York
North Carolina
Ohio
Ohio
Ohio
Ohio
Ohio
Ohio
Ohio
Ohio
Oregon
Pennsylvania
Pennsylvania
Pennsylvania
Pennsylvania
Pennsylvania
Pennsylvania
Pennsylvania
Pennsylvania
Pennsylvania
Pennsylvania
Pennsylvania
Rhode Island
South Carolina
Tennessee
Texas
Texas
Texas
Texas
Virginia
Washington
Washington
West Virginia
West Virginia
West Virginia
No House votes have been held for this bill.
Summary
Neighborhood Homes Investment Act
This bill establishes a new business-related tax credit to finance home building and rehabilitation in neighborhoods that meet certain eligibility criteria relating to poverty rates, income, and home values. The credit is limited to 35% of the lesser of the qualified development cost (i.e., the cost of construction, substantial rehabilitation, demolition, and environmental remediation of residential properties) or 80% of the national median sale price for new homes. The credit applies to single family homes containing four or fewer residential units, condominiums, or houses or apartments owned by cooperative housing corporations.
March 23, 2021
03/23/2021
Referred to the House Committee on Ways and Means.
03/23/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:48:04 PM