HR 4608 · 109th Congress · Taxation

Continuing Care Seniors Housing Act of 2005

Introduced 2005-12-16· Sponsored by Rep. Shaw, E. Clay, Jr. [R-FL-22]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2005-12-16)

Plain Language Summary

[AI summary unavailable — showing source text] Continuing Care Seniors Housing Act of 2005 - Amends Internal Revenue Code provisions which allow a tax exemption for the interest imputed to below-market rate interest loans to certain continuing care facilities to: (1) decrease from 65 to 62 the qualifying age for lenders to continuing care facilities; (2) eliminate the $90,000 limitation on loans to such facilities; (3) modify continuing care contract requirements; and (4) revise the definition of continuing care facility to include an independent living unit, plus an assisted living or nursing facility, or both.…

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

Cosponsors (20)

6 Democrats14 Republicans
Rep. Foley, Mark [R-FL-16]FL
Rep. Lewis, Ron [R-KY-2]KY
Rep. Johnson, Nancy L. [R-CT-5]CT
Rep. Boswell, Leonard L. [D-IA-3]IA
Rep. Calvert, Ken [R-CA-44]CA
Rep. Ramstad, Jim [R-MN-3]MN
Rep. Hart, Melissa A. [R-PA-4]PA
Rep. Simmons, Rob [R-CT-2]CT
Rep. Mica, John L. [R-FL-7]FL
Rep. Boyd, Allen [D-FL-2]FL
Rep. Case, Ed [D-HI-2]HI
Rep. Abercrombie, Neil [D-HI-1]HI
Rep. Goode, Virgil H., Jr. [R-VA-5]VA
Rep. Shays, Christopher [R-CT-4]CT
Rep. Brown-Waite, Ginny [R-FL-5]FL
Rep. Lowey, Nita M. [D-NY-18]NY
Rep. Crenshaw, Ander [R-FL-4]FL
Rep. Ehlers, Vernon J. [R-MI-3]MI
Rep. Bartlett, Roscoe G. [R-MD-6]MD
Rep. Price, David E. [D-NC-4]NC