[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3503 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 3503

To amend the Internal Revenue Code of 1986 to prevent disqualification 
  of low-income housing units for purposes of the low-income housing 
credit solely by reason of certain assignments of dependency deductions 
                  by full-time student single parents.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 22, 1996

  Mr. Ewing introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to prevent disqualification 
  of low-income housing units for purposes of the low-income housing 
credit solely by reason of certain assignments of dependency deductions 
                  by full-time student single parents.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. LOW-INCOME HOUSING UNITS OCCUPIED BY FULL-TIME STUDENT 
              SINGLE PARENTS WHO HAVE ASSIGNED DEPENDENCY DEDUCTION.

    (a) In General.--Subclause (I) of section 42(i)(3)(D)(ii) of the 
Internal Revenue Code of 1986 is amended by adding at the end the 
following: ``(or such children are dependents, as so defined, of 
another individual solely by reason of paragraph (2) or (4) of section 
152(e)).''
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to periods after December 31, 1996.
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