Housing America's Workforce Act
Latest action · Apr 10, 2007 Read twice and referred to the Committee on Finance.
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.
- IntroducedApr 10, 2007
- Passed SenateNot reached
- Passed HouseNot 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 7
Members who signed on, in the order they did. Signatures ran from Apr 10, 2007 to Jun 12, 2007, with 6 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MA | Edward M. Kennedy | Original | Apr 10, 2007 |
| R-OR | Gordon H. Smith | Original | Apr 10, 2007 |
| D-RI | Jack Reed | Original | Apr 10, 2007 |
| D-CT | Joseph I. Lieberman | Original | Apr 10, 2007 |
| R-FL | Mel Martinez | Original | Apr 10, 2007 |
| D-IL | Richard J. Durbin | Original | Apr 10, 2007 |
| D-OH | Sherrod Brown | Jun 12, 2007 |
Actions 3
Everything that happened, newest first.
- Apr 10, 2007Introduced in Senate
- Apr 10, 2007Read twice and referred to the Committee on Finance.
- Apr 10, 2007Sponsor introductory remarks on measure. (CR S4309-4310)
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1850 | Housing America's Workforce Act | Identical bill | Mar 29, 2007 |
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.
- Apr 10, 2007Introduced in Senate
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.