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S 4418 117th Congress Senate Taxation

Community Development Investment Tax Credit Act of 2022

Introduced: June 16, 2022 Introduced by: Warner, Mark R. Democratic · Virginia See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Jun 16, 2022
Read twice and referred to the Committee on Finance.
Jun 16, 2022
Introduced in Senate
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 Plain-English summary Congressional Research Service

Community Development Investment Tax Credit Act of 2022

This bill allows a new tax credit for investment in Community Development Financial Institutions (CDFIs) to benefit underserved communities. The credit amount is a specified percentage of investment in a CDFI during successive ten year periods. The total credit amount is capped at $1 billion in 2022, $1.5 billion in 2023, and $2 billion in 2024 and each year thereafter, adjusted for inflation.

What's happening now June 16, 2022

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2
R
Hyde-Smith, Cindy
Mississippi · Jun 16, 2022
 D
Van Hollen, Chris
Maryland · Jun 16, 2022
 R
Wicker, Roger F.
Mississippi · Jun 16, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4418: Community Development Investment Tax Credit Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-S-4418/
MLA
"S. 4418: Community Development Investment Tax Credit Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4418/.
Bluebook (legal)
S. 4418, 117th Cong. (2026), https://openamerica.io/bill/117-S-4418/.
Markdown link
[S. 4418: Community Development Investment Tax Credit Act of 2022](https://openamerica.io/bill/117-S-4418/)
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