3.0.0 1703 2022-11-01T06:32:27Z 2022-11-01T06:32:27Z Senate S 2019-06-04 116 ssfi00 Finance Committee Senate Standing Referred to 2019-06-04T20:07:02Z Affordable HOUSE Act 116 3478 HR 2019-06-25 Referred to the House Committee on Ways and Means. Related bill CRS Affordable Housing Credit Improvement Act of 2019 116 3077 HR 2019-06-04 Referred to the House Committee on Ways and Means. Identical bill CRS 2019-06-04 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3218) IntroReferral 2019-06-04 Introduced in Senate IntroReferral 10000 9 Library of Congress C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA N Y000064 Sen. Young, Todd [R-IN] Todd Young R IN C. 2019-06-04 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2019-06-04 True I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2019-06-04 True C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2019-07-17 False C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2019-07-17 False H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH 2019-07-17 False C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore 2019-07-17 False S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2019-07-17 False P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2019-07-17 False W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2019-07-17 False K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2019-07-17 False C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2019-07-17 False G000562 Sen. Gardner, Cory [R-CO] Cory Gardner R CO 2019-07-17 False C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2019-07-30 False S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2019-07-30 False B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2019-07-30 False M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK 2019-07-30 False C001096 Sen. Cramer, Kevin [R-ND] Kevin Cramer R ND 2019-10-22 False S001191 Sen. Sinema, Kyrsten [D-AZ] Kyrsten Sinema D AZ 2019-10-29 False V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2019-10-29 False K000384 Sen. Kaine, Tim [D-VA] Timothy Kaine D VA M. 2019-10-29 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2019-10-29 False S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2019-10-29 False S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2019-10-29 False C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2019-10-30 False G000359 Sen. Graham, Lindsey [R-SC] Lindsey Graham R SC 2019-10-30 False C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV 2019-10-31 False M001197 Sen. McSally, Martha [R-AZ] Martha McSally R AZ 2019-11-07 False R000608 Sen. Rosen, Jacky [D-NV] Jacklyn Rosen D NV 2019-11-13 False L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2019-11-13 False G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2019-11-13 False S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2019-11-13 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2019-11-13 False P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2019-11-13 False B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2019-11-13 False B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2019-12-11 False H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2019-12-11 False T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2020-03-02 False F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2020-06-22 False B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2020-07-22 False Taxation Assault and harassment offenses Business investment and capital Census and government statistics Crime victims Disability and paralysis Domestic violence and child abuse Energy efficiency and conservation Higher education Housing and community development funding Housing supply and affordability Income tax credits Income tax deductions Income tax exclusion Indian social and development programs Inflation and prices Landlord and tenant Lighting, heating, cooling Low- and moderate-income housing Marriage and family status Residential rehabilitation and home repair Rural conditions and development Securities Sex offenses State and local finance State and local government operations Veterans' loans, housing, homeless programs Taxation 00 2019-06-04 Introduced in Senate 2020-05-07T13:17:05Z Affordable Housing Credit Improvement Act of 2019

This bill revises provisions of the low-income housing tax credit and renames it as the affordable housing credit.

The bill increases the per capita dollar amount of the credit and its minimum ceiling amount beginning in 2019 and extends the inflation adjustment for such amounts.

The bill modifies tenant income eligibility requirements and the average income formula for determining such income. It also revises rules for student occupancy of rental units and tenant voucher payments and prohibits any refusal to rent to victims of domestic abuse.

The bill further modifies the credit to

  • establish a 4% minimum credit rate for certain housing projects,
  • repeal the qualified census tract population cap,
  • prohibit local approval and contribution requirements,
  • increase the credit for certain projects designated to serve extremely low-income households,
  • increase the credit for certain bond-financed projects designated by state agencies,
  • eliminate the basis reduction for properties that receive certain energy-related tax benefits, and
  • increase the population cap for difficult development areas (i.e., areas with high construction, land, and utility costs relative to area median gross income).

The bill also includes Indian and rural areas as difficult development areas and modifies other requirements relating to casualty losses, acquisition credits, and foreclosures.

]]> Affordable Housing Credit Improvement Act of 2019 Display Title Affordable Housing Credit Improvement Act of 2019 Short Title(s) as Introduced Affordable Housing Credit Improvement Act of 2019 Introduced in Senate IS 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 Introduced in Senate 2019-06-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s1703is/xml/BILLS-116s1703is.xml 2019-06-04 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3218) 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.