summary
Introduced
06/25/2020
06/25/2020
In Committee
06/25/2020
06/25/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
Allows a new tax credit for contributions to a reserve fund for low-income housing supportive services. These services include health services, job training, financial counseling, and resident engagement services and are provided at no cost to tenants of a qualified low-income building.
AI Summary
This bill, the Opportunity Starts At Home Act, creates a new tax credit for contributions to a reserve fund that provides low-income housing supportive services. These services include health services, job training, financial counseling, and resident engagement, and must be provided at no cost to tenants of qualified low-income buildings. The credit is equal to 25% of the qualified contribution, with limitations on the total amount that can be claimed per building. The bill also includes provisions for monitoring and reporting requirements, recapture rules, and coordination with the existing low-income housing tax credit.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Referred to the House Committee on Ways and Means. (on 06/25/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/7351/all-info |
| BillText | https://www.congress.gov/116/bills/hr7351/BILLS-116hr7351ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr7351/BILLS-116hr7351ih.pdf.pdf |
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