S 1193
114th Congress
Senate
Taxation
Income tax credits
Low- and moderate-income housing
Real estate business
A bill to amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 5, 2015
Read twice and referred to the Committee on Finance.
May 5, 2015
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code, with respect to the low-income housing tax credit, to make permanent the minimum 9% credit rate for new buildings that are not federally-subsidized and to establish a minimum 4% credit rate for existing buildings that are not federally-subsidized.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1