Housing America's Workforce Act
Latest action · Mar 29, 2007 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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.
- IntroducedMar 29, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Housing America's Workforce Act - Amends the Internal Revenue Code to allow employers a business tax credit for up to 50 percent of the qualified housing expenses paid for the benefit of their employees. Defines "qualified housing expenses" to include homeownership assistance and rental assistance. Limits the amount of such credit to the lesser of $10,000 or six percent of an employee's home purchase price, or up to $2,000 for rental assistance. Excludes from employee gross income the value of employer-paid housing assistance.
Authorizes the Secretary of Housing and Urban Development to award grants in FY2008-FY2010, on a competitive basis, to nonprofit housing organizations or local governments for certain costs, including operating costs and technical assistance costs, of employer-assisted housing programs. Requires the Secretary to establish a national clearinghouse, including a website, to provide information about employer-assisted housing programs to federal, state, and local governments and other interested entities.
Directs the Comptroller General to conduct a national evaluation of employer-assisted housing programs and provide to the Secretary an interim report by January 1, 2011, and final report by December 31, 2012.
Cosponsors 13
Members who signed on, in the order they did. Signatures ran from Mar 29, 2007 to Mar 4, 2008; 7 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-TX | Charles A. Gonzalez | Original | Mar 29, 2007 |
| D-NY | Edolphus Towns | Original | Mar 29, 2007 |
| D-WI | Gwen Moore | Original | Mar 29, 2007 |
| R-MN | Jim Ramstad | Original | Mar 29, 2007 |
| D-CA | Joe Baca | Original | Mar 29, 2007 |
| D-CA | Loretta Sanchez | Original | Mar 29, 2007 |
| D-TX | Silvestre Reyes | Original | Mar 29, 2007 |
| D-MN | Collin C. Peterson | Jun 7, 2007 | |
| D-IL | Danny K. Davis | Jun 7, 2007 | |
| D-NY | Gregory W. Meeks | Jun 7, 2007 | |
| D-NY | Yvette D. Clarke | Sep 25, 2007 | |
| D-NY | Charles B. Rangel | Feb 28, 2008 | |
| D-FL | Alcee L. Hastings | Mar 4, 2008 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Mar 29, 2007 |
| House | Financial Services Committee | Referred Mar 29, 2007 |
Actions 2
Everything that happened, newest first.
- Mar 29, 2007Introduced in House
- Mar 29, 2007Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1078 | Housing America's Workforce Act | Identical bill | Apr 10, 2007 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to provide incentives for employer-provided employee housing assistance, and for other purposes.
- Short Titles as Introduced
- Housing America's Workforce Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Commerce
- Congress
- Congressional investigations
- Corporation taxes
- Cost of living adjustments
- Economics and Public Finance
- Employee benefit plans
- Federal aid to housing
- Finance and Financial Sector
- Government Operations and Politics
- Government publicity
- Home ownership
- Housing and Community Development
- Housing finance
- Housing subsidies
- Income tax
- Indexing (Economic policy)
- Labor and Employment
- Mortgages
- Rent
- Tax credits
- Tax exclusion
- Taxation
Text 1
Each version as it was printed, newest first.
- Mar 29, 2007Introduced in House
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.
