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Homeownership
Tax Credit Bill
Expected Shortly
Article
Date - April.15.2005
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Rep. Rob Portman
(R-OH) is expected
to reintroduce
his homeownership
tax credit legislation
this week. The
bill attracted
more than 300
cosponsors in
the 108th Congress.
Additionally,
Sens. Rick Santorum
(R-PA), Gordon
Smith (R-OH)
and John Kerry
(D-MA) plan
to unveil a
Senate version
of the homeownership
tax credit proposal
in the near
future. In the
previous Congress,
the senators
introduced competing
versions of
the measure
that collectively
garnered the
support of more
than half the
Senate members.
The legislation
to be introduced
shortly is a
compromise measure
that will allow
the Senate to
unite behind
one bill. Gaining
cosponsors for
both bills will
be an agenda
item for NAHB's
Legislative
Conference next
month. |
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