Bill > HR6784

This bill, titled the "Home Lead Safety Tax Credit Act of 2025," aims to encourage homeowners to remove lead-based hazards from their properties by offering a tax credit. Recognizing that lead poisoning, particularly in children, can cause serious health issues and developmental problems, and that many older homes (built before 1978) contain lead paint hazards, this legislation proposes a new tax credit. Taxpayers can claim a credit equal to 50% of their costs for "lead hazard reduction activity," which includes professional assessments, lead abatement measures like paint removal or pipe replacement, and interim control measures such as specialized cleaning and repairs, provided these are done by certified professionals and qualified contractors. There are limitations on the credit amount per eligible dwelling unit, with a maximum of $3,000 for abatement and $1,000 for interim controls, and a lifetime cap of $4,000 per unit. The credit also cannot exceed the amount of state or local tax credits received for the same costs, and it requires written documentation from a certified inspector or risk assessor confirming the hazard reduction criteria have been met. The basis of the property will be reduced by the credit amount, and the credit is available for costs incurred after December 31, 2024, and will terminate after December 31, 2028, with dollar amounts adjusted for inflation annually after 2025.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6784/all-info