Tax Credit for Lead Hazard Removal in Pre-1978 Homes (2025-2028)
This Act introduces a new tax credit to encourage homeowners of older residences (built before 1978) to safely remove lead-based hazards, such as paint or pipes. Taxpayers can recover 50% of the certified costs incurred, directly enhancing health safety, particularly for children. The maximum cumulative credit allowed per eligible home is $4,000, and the program is set to expire at the end of 2028.
Key points
Allows taxpayers to claim a credit equal to 50% of costs incurred for lead hazard reduction activities.
Maximum credit limits are $3,000 for full lead abatement measures or $1,000 for interim control measures, with a $4,000 lifetime cap per residence.
The credit applies only to dwelling units placed in service before 1978 and requires documentation from certified inspectors.
The program aims to reduce childhood lead poisoning and is effective for costs incurred between 2025 and 2028.
Introduced
Additional Information
Print number: 119_HR_6784
Sponsor: Rep. Cohen, Steve [D-TN-9]
Process start date: 2025-12-17