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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Neighborhood Homes Investment Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to allow a credit against tax for neighborhood revitalization, and for other purposes.

Actions Overview (1)

Date Actions Overview
06/25/2020Introduced in Senate

All Actions (1)

Date All Actions
06/25/2020Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (5)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Portman, Rob [R-OH]* 06/25/2020
Sen. Coons, Christopher A. [D-DE]* 06/25/2020
Sen. Young, Todd [R-IN]* 06/25/2020
Sen. Brown, Sherrod [D-OH]* 06/25/2020
Sen. Scott, Tim [R-SC]* 06/25/2020

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance06/25/2020 Referred to

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Latest Summary (1)

There is one summary for S.4073. View summaries

Shown Here:
Introduced in Senate (06/25/2020)

Neighborhood Homes Investment Act

This bill establishes a new business-related tax credit to finance home building and rehabilitation in neighborhoods that meet certain eligibility criteria relating to poverty rates, income, and home values. The credit is limited to 35% of the lesser of the qualified development cost (i.e., the cost of construction, substantial rehabilitation, demolition, and environmental remediation of residential properties) or 80% of the national median sale price for new homes. The credit applies to single family homes containing four or fewer residential units, condominiums, or houses or apartments owned by cooperative housing corporations.