To amend the Internal Revenue Code of 1986 to clarify the eligibility of certain expenses for the low-income housing credit.

Fact Sheet API

Bill Number

HR 3324

Introduced

Nov 16, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Building construction Business income tax Commerce Construction costs Fees Housing and Community Development Income tax Labor and Employment Low-income housing Professional fees Real estate development Social Welfare Tax credits Taxation

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Votes

Summary

Amends the Internal Revenue Code to include associated development costs in the basis of any building which is part of a low-income housing project when calculating the low-income housing credit.

Actions

Nov 16, 2001

Referred to the House Committee on Ways and Means.
Nov 16, 2001

Sponsor introductory remarks on measure. (CR E2108-2109)
Nov 16, 2001

Introduced in House

Amendments

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