A bill 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

S 2006

Introduced

Mar 12, 2002

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1784)

Sponsor

Cosponsors

Topics

Business income tax Commerce Construction costs Construction industries Fees Housing and Community Development Income tax Low-income housing Professional fees Social Welfare Tax credits Taxation

Full Text

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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

Mar 12, 2002

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1784)
Mar 12, 2002

Sponsor introductory remarks on measure. (CR S1783-1784)
Mar 12, 2002

Introduced in Senate

Amendments

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