Neighborhood Homes Investment Act

1/2
Status In Committee
Sponsor Benjamin Cardin
Citation 118-S-657
Actions 4
Introduced Mar 6th, 2023
Cosponsors
8 8
Last Action Apr 16th, 2024
Policy Area
Introduced Senate Mar 6
Senate
House
President
Enacted

Summary

AI Guide

What this bill does

Loading AI analysis…

Neighborhood Homes Investment Act This bill allows a business-related tax credit for certain development costs for the acquisition, rehabilitation, or remediation of qualified real property (i.e., real property affixed on a permanent foundation and comprised of four or fewer residential units, a condominium unit, or a house or apartment owned by a cooperative housing corporation). The bill also provides for the exclusion from gross income, for income tax purposes, of the value of any subsidy provided to a taxpayer by any state energy office for purposes of improvements made to a qualified residence.

Actions

4
Senate
INTRODUCED
INTRODUCED
Mar 6, 2023
ON FLOOR
REFERRED TO COMMITTEE
COMMITTEE
COMMITTEE HEARINGS HELD
Mar 12, 2024
COMMITTEE
SUBCOMMITTEE HEARINGS HELD
Apr 16, 2024
Version
Font size