Home Lead Safety Tax Credit Act of 2025
Sponsored By: Representative Cohen
Introduced
Summary
A tax credit for lead hazard reduction would create a financial incentive to remove lead paint and related hazards from older homes. It focuses on paying part of abatement and interim control work while requiring certified contractors and documentation to protect children.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Tax credit for lead hazard work
You would be able to claim a federal tax credit equal to 50% of eligible lead-hazard work costs for each pre-1978 dwelling unit. The credit would be capped at $3,000 per unit for abatement, $1,000 per unit for interim controls, and $4,000 total for a unit across years. The credit would apply to costs paid or incurred after December 31, 2024 and would not apply to costs paid or incurred after December 31, 2028. The credit would be nonrefundable, reduced by any State or local tax credit for the same work, and would exclude costs paid by grants or other parties. You would need written proof from a certified inspector or risk assessor, and work must be done by HUD/EPA‑trained contractors; claiming the credit would also reduce your property's tax basis and related deductions to avoid double benefits.
Sponsors & CoSponsors
Sponsor
Cohen
TN • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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