S 920 · 107th Congress 2001โ€“2003, ended

Historic Homeownership Assistance Act

Latest action · May 21, 2001 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5276-5277)

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMay 21, 2001
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Historic Homeownership Assistance Act - Amends the Internal Revenue Code to allow a tax credit for 20 percent (up to a maximum limit of $40,000 for a joint return) of the qualified rehabilitation expenditures made by a taxpayer with respect to the certified rehabilitation of a qualified historic home which has been substantially rehabilitated and which is owned by the taxpayer and used as his or her principal residence. Allows the credit for such expenditures to be taken by a purchaser of the rehabilitated home. Permits, in lieu of the credit, a historic rehabilitation mortgage credit certificate, which may be transferred to a lender in exchange for a reduction in the rate of interest on the loan secured by the building.

Cosponsors 11

Members who signed on, in the order they did. Signatures ran from May 21, 2001 to Mar 18, 2002; 4 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-FLBob GrahamOriginalMay 21, 2001
D-MICarl LevinOriginalMay 21, 2001
R-VTJames M. JeffordsOriginalMay 21, 2001
R-RILincoln ChafeeOriginalMay 21, 2001
D-SDTim JohnsonMay 23, 2001
D-NJRobert G. TorricelliJun 5, 2001
D-GAMax ClelandJun 13, 2001
D-GAZell MillerJun 18, 2001
D-VTPatrick J. LeahyJun 27, 2001
D-ILRichard J. DurbinSep 14, 2001
D-MDPaul S. SarbanesMar 18, 2002

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
SenateFinance Committee
Referred May 21, 2001

Actions 3

Everything that happened, newest first.

  1. May 21, 2001Introduced in Senate
  2. May 21, 2001Sponsor introductory remarks on measure. (CR S5275-5276)
  3. May 21, 2001Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5276-5277)

In the Congressional Record 1

Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.

WhereIn the RecordMembersDate
SenateDebate and remarks S5275Text printed S5276John B. Breaux D-LA (text)May 21, 2001

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 1172Historic Homeownership Assistance ActIdentical billMar 22, 2001

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
A bill to amend the Internal Revenue Code of 1986 to provide a credit against income tax to individuals who rehabilitate historic homes or who are the first purchasers of rehabilitated historic homes for use as a principal residence.
Short Titles as Introduced
Historic Homeownership Assistance Act

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. May 21, 2001Introduced in Senate

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.