H.R. 3918, The Home Lead Safety Tax Credit Act of 2007

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 3918 would amend the Internal Revenue Code of 1986 to provide a tax credit for property owners who remove lead-based paint hazards.

Detailed Summary

Home Lead Safety Tax Credit Act of 2007 - Amends the Internal Revenue Code to allow a tax credit for 50 percent of the costs of reducing lead hazards in U.S. homes built before 1960 in which certain low-income children less than six years of age and women of child-bearing age reside. Allows a maximum credit of $3,000 for lead abatement costs and $1,000 for the cost of interim lead control measures.

Status of the Legislation

Latest Major Action: 10/22/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.

Points in Favor

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Points Against

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