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Neighborhood Homes Investment Act

H.R. 3940 Rep. Mike Kelly (R-PA-16) In committee
Bill text PDF
  1. Introduced Jun 9
  2. Committee Jun 9
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Jun 9, 2023Next: House vote
1237d ago Jun 9, 2023: Referred to the House Committee on Ways and Means.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
1company, 2 filings
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Summary

Neighborhood Homes Investment Act

Full summary2 paragraphs

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.

Library of Congress summary, Jun 9, 2023

Summary versions
  • Introduced in HouseJun 9, 2023

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.