Raid on Radon Tax Credit Act of 2001
Last action on Aug 2, 2001Referred to the House Committee on Ways and Means.
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Summary
The Raid on Radon Tax Credit Act of 2001 (H.R. 2816) proposed a financial incentive for homeowners to address radon gas levels in their residences. If passed, the bill would have allowed individuals to claim a federal income tax credit covering 30% of the costs associated with testing for and removing radon from their air and water supply. This credit was capped at a maximum of $1,500, effectively lowering the out-of-pocket expense for citizens seeking to mitigate the health risks associated with radon exposure.
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