Legislation introduced in the Senate in late February would offer homeowners a tax credit of up to $3,000 to help offset costs associated with projects that remove or remediate lead found in residences.
Sponsored by Sen. Sheldon Whitehouse (D-R.I.), the “Home Lead Safety Tax Credit Act” (S. 2573) would establish a $3,000 refundable tax credit to help homeowners, landlords and tenants pay for projects to remove lead service lines, plumbing, paint, and other lead-based hazards from homes constructed before 1978. Another $1,000 tax credit would be available to control, but not remove, lead found in homes.
The tax credits could offset up to half of the total project costs, and would be available to the owners of a qualifying home whose residents have a cumulative income of less than $110,000.
“As we’ve seen with the national disgrace in Flint, Michigan, lead remains a major public health challenge,” Sen. Whitehouse said in a statement on the bill. “These tax credits will help property owners and families rid all homes of lead once and for all and protect our children.”