Home Lead Safety Tax Credit Act of 2025
Sponsored By: Representative Cohen, Steve [D-TN-9]
Introduced
Summary
Would create a refundable or nonrefundable tax credit to pay for lead hazard reduction in older homes. It aims to reduce childhood lead exposure by encouraging abatement and long-lasting interim controls.
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- Families: Low-income and other households with children would get support to make homes safer. The credit can cover relocation costs when occupants must move during work and applies to units built before 1978.
- Homeowners and property owners: Taxpayers could claim a credit equal to 50% of eligible lead-removal costs, subject to per-unit limits that total up to $4,000 across years.
- Contractors and compliance: Work must be performed or certified by HUD/EPA-trained contractors and certified assessors, with required post-completion documentation. The credit would apply to costs incurred after 2024 and stop for amounts after 2028.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Tax credit for home lead removal
This bill would let you claim a federal tax credit equal to 50% of qualifying lead-hazard reduction costs for each eligible home. The credit would be limited to $3,000 per unit in a year when costs include full abatement, or $1,000 per unit for qualifying interim controls, and $4,000 total per unit across years. Costs paid by grants or other government payments would not count. To get the credit, work must be done or supervised by qualified, certified contractors and you would need post-completion written certification from a certified inspector or risk assessor. If you claim the credit, you would have to reduce the property's tax basis and reduce any tax deduction for the same costs by the credit amount. The credit would apply to costs incurred after Dec. 31, 2024, would be inflation-adjusted after 2025, and would not apply to costs paid after Dec. 31, 2028.
Sponsors & CoSponsors
Sponsor
Cohen, Steve [D-TN-9]
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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