Summary: S.595 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for S.595. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (03/11/2003)

Housing Bond and Credit Modernization and Fairness Act of 2003 - Amends the Internal Revenue Code to: (1) repeal the required use of certain principal repayments on mortgage subsidy bond financings to redeem bonds; (2) modify the purchase price limitation under mortgage subsidy bond rules based on median family income; and (3) define the term "area median gross income" for low-income housing credit projects.