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Sense-of-the-Senate Amendment

By: Jack Reed
By: Jack Reed
Date: May 15, 2003
Location: Washington, DC
Issues: Unemployed and Low-Income Taxes Housing and Property

Mr. REED. Mr. President, I offer this amendment along with Senators CORZINE, MIKULSKI, KERRY, and ROCKEFELLER. It is a sense-of-the-Senate amendment.

It addresses the potential detrimental effect on the low-income housing tax credit by proposing to reduce or eliminate taxes on dividends. If those proposals with respect to dividends are passed, they could provide a disincentive for corporations to invest in the low-income tax credit, which is the major form of support for low-income and moderate-income housing, and rental housing in particular, in the United States.

I understand this amendment is acceptable to the other side. I urge its adoption.

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