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S 2962 114th Congress Senate Taxation Income tax credits Inflation and prices Low- and moderate-income housing

Affordable Housing Credit Improvement Act of 2016

Introduced: May 19, 2016 Introduced by: Cantwell, Maria Democratic · Washington See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
May 19, 2016
Read twice and referred to the Committee on Finance.
May 19, 2016
Introduced in Senate
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 Plain-English summary Congressional Research Service

Affordable Housing Credit Improvement Act of 2016

This bill amends the Internal Revenue Code, with respect to the low-income housing tax credit, to: (1) expand the credit by increasing the state housing credit ceiling, (2) modify the cost-of-living adjustment required for the state housing credit ceiling, (3) establish a new average income test which may be used to determine if a low-income housing project qualifies for the credit, and (4) establish a minimum credit rate of 4% for certain new or existing buildings.

What's happening now May 19, 2016

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • S 3237 Related bill Affordable Housing Credit Improvement Act of 2016
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Democratic 5 Republican 3 Independent 1
D
Schatz, Brian
Hawaii · Dec 8, 2016
 R
Cassidy, Bill
Louisiana · Sep 14, 2016
 I
Sanders, Bernard
Vermont · Sep 14, 2016
 R
Collins, Susan M.
Maine · Sep 6, 2016
 D
Merkley, Jeff
Oregon · Jul 11, 2016
 R
Murkowski, Lisa
Alaska · Jul 11, 2016
 D
Klobuchar, Amy
Minnesota · Jun 29, 2016
 D
Schumer, Charles E.
New York · May 19, 2016
 D
Wyden, Ron
Oregon · May 19, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2962: Affordable Housing Credit Improvement Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-S-2962/
MLA
"S. 2962: Affordable Housing Credit Improvement Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-2962/.
Bluebook (legal)
S. 2962, 114th Cong. (2026), https://openamerica.io/bill/114-S-2962/.
Markdown link
[S. 2962: Affordable Housing Credit Improvement Act of 2016](https://openamerica.io/bill/114-S-2962/)
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