Latest Update: Friday, January, 16th 2009

To amend the Internal Revenue Code of 1986 to extend and expand certain rules with respect to housing in the GO Zones. 3/27/2007--Passed House amended.    (There are 2 other summaries) Katrina Housing Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) qualify certain buildings in the Gulf Opportunity Zone, the Rita Go Zone, and the Wilma GO Zone (GO Zones) placed in service before 2011 for the housing tax credit without regard to certain otherwise applicable restrictions if such buildings receive (or received) a state or local housing credit allocation in 2006, 2007, or 2008; (2) extend through 2010 the treatment of such Go Zones as difficult development areas for purposes of the increased housing tax credit; (3) exclude certain assistance provided under the Housing and Community Development Act of 1974 (e.g., community development block grants), the Department of Defense Appropriations Act, 2006, or the Emergency Supplemental Appropriations [...]

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Latest Actions
  • 03/28/2007 - Received in the Senate and Read twice and referred to the Committee on Finance.
  • 03/27/2007 - DEBATE - The House proceeded with forty minutes of debate on H.R. 1562.
  • 03/27/2007 - Mr. Rangel moved to suspend the rules and pass the bill, as amended.
  • 03/27/2007 - Considered under suspension of the rules. (consideration: CR H3150-3153)
  • 03/27/2007 - On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3150)

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