119 HR 3540 IH: Low-Income Housing Tax Credit Elimination Act U.S. House of Representatives 2025-05-21 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 3540IN THE HOUSE OF REPRESENTATIVESMay 21, 2025Mr. Grothman (for himself and Mr. Gosar) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to sunset the low-income housing tax credit, and for other purposes.

1.

Short title

This Act may be cited as the Low-Income Housing Tax Credit Elimination Act.

2.

Sunset of low-income housing tax credit

Section 42 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (o)

Sunset

No credit shall be determined under subsection (a) with respect to any building placed in service in a taxable year beginning after the date of the enactment of this subsection..