HR 3716 · 109th Congress · Taxation

To amend the Internal Revenue Code of 1986 to clarify the mortgage subsidy bond benefits for residences located in disaster areas.

Introduced 2005-09-08· Sponsored by Rep. Ramstad, Jim [R-MN-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2005-09-08)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to revise mortgage revenue bond rules for the financing of home improvement loans for residences in disaster areas. Increases the limitation on such loans from $15,000 to $150,000. Waives certain income requirements for such loans and the three-year replacement requirement for residences destroyed in a disaster.…

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