Summary: H.R.5740 — 97th Congress (1981-1982)All Information (Except Text)

There is one summary for H.R.5740. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/04/1982)

Senior Citizens Housing Act of 1982 - Amends the Internal Revenue Code to allow individuals a refundable income tax credit for renting to, or maintaining a household for, individuals who have attained the age of 65. Limits such credit to a maximum of $1,000.

Requires an individual to be eligible for such tax credit to furnish over half the cost of maintaining the household.