US Congress Senate Bill 4908 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on November 18 2020 - 25% progression, died in committee
Action: 2020-11-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Allows owners of eligible dwelling units a new tax credit through 2023 for up to 50% of the lead hazard reduction activity costs for each such unit in a taxable year. An eligible dwelling unit is any unit located in the United States that was placed in service before 1978. The bill (1) specifies the types of lead hazard reduction activity costs eligible for the credit, including risk assessment and abatement costs; and (2) limits the amount of the credit in any taxable year to $3,000 for specified abatement measures and $1,000 for interim lead control measures.

Home Lead Safety Tax Credit Act of 2020

Sen. Sheldon Whitehouse [D-RI]	Sen. Charles Schumer [D-NY]	Sen. Jeanne Shaheen [D-NH]	Sen. Margaret Hassan [D-NH]
Sen. Richard Blumenthal [D-CT]	Sen. Gary Peters [D-MI]	Sen. Cory Booker [D-NJ]	Sen. Kirsten Gillibrand [D-NY]

Date	Chamber	Action
2020-11-18	Senate	Read twice and referred to the Committee on Finance.

HB6233 (Related) 2020-03-12 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/4908/all-info
Text	https://www.congress.gov/116/bills/s4908/BILLS-116s4908is.pdf