Bill113th Congress

H.R. 1213

Common Sense Housing Investment Act of 2013

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Introduced
Mar 15, 2013
Origin Chamber
House
Policy Area
Taxation
Latest Action
Mar 15, 2013
Latest Action

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.

Sponsor

Rep. Ellison, Keith [D-MN-5]

Democrat·MN-5
First Name: Keith
Last Name: Ellison
By Request: N
18
Cosponsors
2
Committees
4
Actions
0
Amendments
0
Related Bills
11
Subjects
1
Summaries
3
Titles
1
Text Versions

Bill Details

Update Date
Sep 27, 2021
Origin Chamber
House
Bill Type
HR
Bill Number
1,213
Congress
113
Introduced Date
Mar 15, 2013
Policy Area
Taxation
Is Law
No
Mar 15, 2013IntroReferralH11100

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.

Source: House floor actions

Mar 15, 2013IntroReferralH11100

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.

Source: House floor actions

Mar 15, 2013IntroReferralIntro-H

Introduced in House

Source: Library of Congress

Mar 15, 2013IntroReferral1000

Introduced in House

Source: Library of Congress

Introduced in House· Mar 15, 20130

Common Sense Housing Investment Act of 2013 - Amends the Internal Revenue Code, with respect to the tax deduction for mortgage interest, to: (1) allow, in lieu of such deduction, a tax credit for 15% of mortgage interest paid in a taxable year for the taxpayer's principal residence and one other residence; (2) provide for a phaseout of the tax deduction for mortgage interest between 2014 and 2018; (3) allow a deduction for interest and taxes relating to land for dwelling purposes owned or leased by cooperative housing corporations; and (4) increase the state housing credit ceiling for the low-income housing tax credit.

Directs the Secretary of the Treasury to apply the savings from the enactment of this Act to the Housing Trust Fund, for assistance under the Section 8 low-income housing program, and for the Public Housing Capital Fund.

Financial Services Committee

House· Standing

Ways and Means Committee

House· Standing
Cooperative and condominium housingGovernment trust fundsHousing finance and home ownershipHousing supply and affordabilityIncome tax creditsIncome tax deductionsInflation and pricesInterest, dividends, interest ratesLow- and moderate-income housingPublic housingState and local taxation

Introduced in House

Mar 15, 2013

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