HR 348 · 109th Congress · Taxation

Heritage Homes Tax Incentive Act of 2005

Introduced 2005-01-25· Sponsored by Rep. Platts, Todd Russell [R-PA-19]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2005-01-25)

Plain Language Summary

[AI summary unavailable — showing source text] Heritage Homes Tax Incentive Act of 2005 - Amends the Internal Revenue Code to grant a tax deduction (whether or not the taxpayer itemizes deductions) for 125 percent of residence interest paid or accrued on acquisition indebtedness for heritage homes. Defines a "heritage home" as a taxpayer's principal residence that is at least 50 years old and a certified historic structure in a registered historic district.…

Summarized by Claude AI · Non-partisan · For informational purposes only