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Article: HIRE Act to provide tax deductions/credits for home improvement; industry coalition providing strong support.(Association News)
- Article from:
- JCT CoatingsTech
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 Federation of Societies for Coatings Technology. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As reported in the September 2009 issue of Coatings Tech (page 5), H.R. 3382, the Home Improvements Revitalize the Economy (HIRE) Act, was introduced in the U.S. House on July 29. The bill, put forth by Rep. Henry Johnson (D-GA), Rep. Nathan Deal (R-GA), and a bipartisan group that has grown to 15 members of Congress, has been referred to the House Committee on Ways and Means.
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The HIRE Act is a temporary, targeted effort to provide consumers and businesses with tax deductions and credits for improving and adding value to their homes. It aims to offer relief to middle and low income families for the purchase of home furnishings and ...