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 1119

Introduced

May 22, 2003

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7004)

Sponsor

Cosponsors

Topics

Building construction 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

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

May 22, 2003

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7004)
May 22, 2003

Sponsor introductory remarks on measure. (CR S7003-7004)
May 22, 2003

Introduced in Senate

Amendments

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