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S 3141 111th Congress Senate Taxation Income tax credits Low- and moderate-income housing

Low Income Housing Tax Credit Recovery Act of 2010

Introduced: March 18, 2010 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2010
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1752-1753)
Mar 18, 2010
Sponsor introductory remarks on measure. (CR S1752)
Mar 18, 2010
Introduced in Senate
 Plain-English summary Congressional Research Service

Low Income Housing Tax Credit Recovery Act of 2010 - Amends the Internal Revenue Code, with respect to the low-income housing tax credit, to allow: (1) a five-year carryback period for unused tax credit amounts; (2) an extended carryback period for new investments in housing in 2010 and 2011; and (3) a full offset of such credit against regular income tax liability.

What's happening now March 18, 2010

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1752-1753)

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3