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H.R. 1519 104th Congress House

Low Income Community Development Tax Credit Act of 1995

Official title: To amend the Internal Revenue Code of 1986 to allow a credit for the construction and renovation of nonresidential buildings in distressed areas.

Introduced: April 7, 1995 Introduced by: Maxine Waters Democratic · California See on congress.gov
Taxation Building constructionBuildingsCommerceDepressed areas
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Economics and Public FinanceGovernment Operations and PoliticsGovernment paperworkHousing and Community DevelopmentIncome taxIndustrial buildingsMaintenance and repairTax credits
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 7, 1995
Referred to the House Committee on Ways and Means.
Apr 7, 1995
Introduced in House
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 Latest action April 7, 1995

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Low Income Community Development Tax Credit Act of 1995 - Amends the Internal Revenue Code to allow, as part of the general business credit, a tax credit (equal to a percentage of its basis) for placing a nonresidential building in service in a distressed area, with a greater credit allowed for a new building than an existing building. Provides for calculation of the basis of such buildings according to the rules governing the low-income housing credit.

Defines a distressed area as one in which at least 70 percent of the households have an income that is no more than 80 percent of the area median gross income. Increases the credit with respect to buildings in areas in which income is lower.

Treats rehabilitation expenditures, provided they are above a certain threshold, as a separate new building.

Imposes an annual State distressed area building credit ceiling.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 1519: Low Income Community Development Tax Credit Act of 1995. 104th Congress. Open America. https://openamerica.io/bill/104-HR-1519/
MLA
"H.R. 1519: Low Income Community Development Tax Credit Act of 1995." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-1519/.
Bluebook (legal)
H.R. 1519, 104th Cong. (2026), https://openamerica.io/bill/104-HR-1519/.
Markdown link
[H.R. 1519: Low Income Community Development Tax Credit Act of 1995](https://openamerica.io/bill/104-HR-1519/)
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