3.0.0 3580 2023-01-11T13:41:08Z 2023-01-11T13:41:08Z Senate S 2018-10-11 115 ssfi00 Finance Committee Senate Standing Referred to 2018-10-11T16:59:22Z 2018-10-11 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-10-11 Introduced in Senate IntroReferral 10000 9 Library of Congress H001041 Sen. Heller, Dean [R-NV] Dean Heller R NV N Taxation Taxation 00 2018-10-11 Introduced in Senate 2019-04-04T20:24:23Z Seniors Affordable Housing Tax Credit Act

This bill establishes a tax credit for states to allocate to taxpayers who rent properties to low-income seniors using a rental reduction agreement.

Under a rental reduction agreement, the rent and utility payments for an eligible senior unit must be equal to the lesser of: (1) 30% of the monthly family income of the residents of the unit, or (2) the applicable standard fair market rent for the unit.

An eligible senior unit must have family income that does not exceed the greater of: (1) 30% of the area median gross income, or (2) the applicable poverty line for a family of the size involved. The unit must also include at least one occupant who has attained the age of 55 at the beginning of the lease

]]> Seniors Affordable Housing Tax Credit Act Display Title Seniors Affordable Housing Tax Credit Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide a tax credit to taxpayers who provide reductions in rent to low-income senior renters, and for other purposes. Introduced in Senate IS Short Titles as Introduced Seniors Affordable Housing Tax Credit Act Introduced in Senate 2018-10-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3580is/xml/BILLS-115s3580is.xml 2018-10-11 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.