H.R.1549 - Renewing the Dream Tax Credit Act109th Congress (2005-2006)
Summary: H.R.1549 — 109th Congress (2005-2006)
Introduced in House (04/12/2005)
Renewing the Dream Tax Credit Act - Amends the Internal Revenue Code to allow homebuilders and investors a general business tax credit for building or substantially rehabilitating residences for low and moderate-income individuals in certain areas, including a rural area, an Indian reservation, or an area of chronic economic distress. Sets forth rules for the calculation of such credit and its administration and allocation by the States.