3.0.0 2962 2023-01-11T13:32:53Z 2023-01-11T13:32:53Z Senate S 2016-05-19 114 ssfi00 Finance Committee Senate Standing Referred to 2016-05-19T20:54:07Z Affordable Housing Credit Improvement Act of 2016 114 3237 S 2016-07-14 Read twice and referred to the Committee on Finance. Related bill CRS 2016-05-19 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2016-05-19 Introduced in Senate IntroReferral 10000 9 Library of Congress C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA N H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2016-05-19 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2016-05-19 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2016-05-19 True A000368 Sen. Ayotte, Kelly [R-NH] Kelly Ayotte R NH 2016-06-29 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2016-06-29 False M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK 2016-07-11 False M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2016-07-11 False C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2016-09-06 False B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2016-09-06 False C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA 2016-09-14 False S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2016-09-14 False P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2016-09-28 False L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2016-09-28 False S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2016-12-08 False Taxation Income tax credits Inflation and prices Low- and moderate-income housing Taxation 00 2016-05-19 Introduced in Senate 2016-10-13T14:20:23Z 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.

]]> Affordable Housing Credit Improvement Act of 2016 Display Title Affordable Housing Credit Improvement Act of 2016 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes. Introduced in Senate IS Short Titles as Introduced Affordable Housing Credit Improvement Act of 2016 Introduced in Senate 2016-05-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s2962is/xml/BILLS-114s2962is.xml 2016-05-19 Read twice and referred to the Committee on Finance. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.