To amend the Internal Revenue Code of 1986 to provide for a child tax credit and a deduction for taxpayers with whom a parent or grandparent resides, and for other purposes.
Kids, Homes, and Grandparents Act of 1996 - Amends the Internal Revenue Code to provide for: (1) a tax credit for each qualifying child; (2) a tax deduction for taxpayers with whom a parent or grandparent resides; (3) a reduction in the capital gains rate applied to qualified principal residence gain; and (4) an indexed basis for primary residences.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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