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Legislative Progress
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vs 9,062 other HR bills in the 116th — cohort avg 39d
Residential Recovery Zone Act This bill allows a new tax credit for the purchase of a principal residence in a residential recovery zone. The credit is equal to 10% of the purchase price of the residence, which may not exceed $1.5 million. The dollar amount of the credit is limited to $8,000 in a taxable year. The bill allows the chief executive officer (e.g., governor) of a state to designate certain population census tracts in areas related to federally declared disasters as opportunity zones. This makes investments in the areas eligible for various tax incentives.
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Filing registrants (1)
2022 · first_quarter · Agriculture
H.R. 2639 Trillion Trees Act H.R. 2820/S. 1251 Growing Climate Solutions Act H.R. 3684 Infrastructure Investment and Jobs Act H.R. 3790/S. 1107 Rural Forest Markets Act of 2020
Client expense: $510,000 · Firm income: Not reported
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: Agriculture, Dept of (USDA), HOUSE OF REPRESENTATIVES, SENATE