Home Lead Safety Tax Credit Act of 2025
Summary
The Home Lead Safety Tax Credit Act of 2025 aims to reduce lead poisoning by providing a tax credit to homeowners who remove lead-based hazards from their homes. The bill amends the Internal Revenue Code of 1986 to introduce a new tax credit, encouraging homeowners to invest in lead abatement and interim control measures. This legislation targets homes built before 1978, where lead-based paint is more likely to be present.
Expected Effects
The Act will likely increase the number of homes undergoing lead hazard reduction activities. This will reduce lead exposure, particularly for children, leading to improved health outcomes. The tax credit could also stimulate demand for certified lead abatement professionals and qualified contractors.
Potential Benefits
- Reduced lead exposure, especially for children, leading to improved health and cognitive development.
- Financial assistance for homeowners to address lead hazards, making abatement more accessible.
- Stimulation of the lead abatement industry, creating jobs for certified professionals.
- Improved housing stock with the removal of lead-based hazards, increasing property values.
- Potential reduction in healthcare costs associated with lead poisoning.
Potential Disadvantages
- The tax credit may disproportionately benefit higher-income homeowners who can afford the upfront costs of abatement.
- The credit is capped, potentially limiting its effectiveness for extensive lead hazard removal projects.
- The program's success depends on effective oversight and certification of risk assessors and contractors.
- The sunset clause (termination after 2028) creates uncertainty about the long-term availability of the credit.
- Potential for fraudulent claims or misuse of the tax credit.
Constitutional Alignment
The Home Lead Safety Tax Credit Act appears to align with the Constitution's general welfare clause (Preamble). Congress is using its power to tax and spend to promote public health and safety. The Act does not appear to infringe upon any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).