US HB764 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 31 2017 - 25% progression, died in committee
Action: 2017-01-31 - 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.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 31 2017 - 25% progression, died in committee
Action: 2017-01-31 - 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.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Housing America's Workforce Act of 2017 This bill amends the Internal Revenue Code to allow employers a business-related tax credit for up to 50% (100% for small business employers) of the qualified housing expenses paid for the benefit of their employees. The bill defines "qualified housing expenses" to include homeownership assistance and rental assistance. The bill limits the annual amount of such credit per employee to the lesser of $10,000 or 6% of an employee's home purchase price, or up to $5,000 for rental assistance, adjusted for inflation after 2017. The bill excludes from employee gross income the value of employer-paid housing assistance. The Department of Housing and Urban Development (HUD) may award grants in FY2017-FY2019, 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. HUD must 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. The Government Accountability Office must conduct a study of employer-assisted housing programs and provide HUD with an interim report by January 1, 2020, and final report by December 31, 2021.
Title
Housing America's Workforce Act of 2017
Sponsors
Rep. Nydia Velazquez [D-NY] |
History
Date | Chamber | Action |
---|---|---|
2017-01-31 | House | 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. |
2017-01-31 | House | 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. |
2017-01-31 | House | 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. |
2017-01-31 | House | Introduced in House |
Subjects
Employee benefits and pensions
Government studies and investigations
Housing and community development funding
Housing finance and home ownership
Housing supply and affordability
Income tax credits
Income tax exclusion
Small business
Taxation
Government studies and investigations
Housing and community development funding
Housing finance and home ownership
Housing supply and affordability
Income tax credits
Income tax exclusion
Small business
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/764/all-info |
Text | https://www.congress.gov/115/bills/hr764/BILLS-115hr764ih.pdf |