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Search Results: keywords:"property tax basis"

  • H.R. 10001 seeks to amend the Internal Revenue Code to offer a tax credit to individuals who undertake activities to remove lead-based hazards from their homes. The bill specifies that taxpayers can receive a credit for up to 50% of the costs incurred in removing lead-based...

    Simple Explanation

    H.R. 10001 is a plan to give people some money back if they fix their homes to get rid of dangerous lead paint, but they need to follow special rules to get this help. The government wants to make sure more kids stay healthy by helping families remove lead from their homes.