[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3774 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 3774

  To amend the Internal Revenue Code of 1986 to provide that housing 
 assistance provided under the Native American Housing Assistance and 
  Self-Determination Act of 1996 shall be treated for purposes of the 
 low-income housing credit in the same manner as comparable assistance.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 30, 1998

 Mr. Hayworth (for himself, Mr. Kildee, Mr. McDermott, Ms. Furse, Mr. 
Towns, Mr. Faleomavaega, Mr. Kennedy of Rhode Island, and Mr. Brown of 
 California) 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 provide that housing 
 assistance provided under the Native American Housing Assistance and 
  Self-Determination Act of 1996 shall be treated for purposes of the 
 low-income housing credit in the same manner as comparable assistance.

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

SECTION 1. CERTAIN NATIVE AMERICAN HOUSING ASSISTANCE DISREGARDED IN 
              DETERMINING WHETHER BUILDING IS FEDERALLY SUBSIDIZED FOR 
              PURPOSES OF THE LOW-INCOME HOUSING CREDIT.

    (a) In General.--Subparagraph (E) of section 42(i)(2) of the 
Internal Revenue Code of 1986 (relating to determination of whether 
building is federally subsidized) is amended--
            (1) by inserting ``or native american housing assistance'' 
        after ``home assistance'' in the subparagraph heading, and
            (2) by inserting ``or the Native American Housing 
        Assistance and Self-Determination Act of 1996 (as in effect on 
        October 1, 1997)'' after ``this subparagraph)'' in clause (i).
    (b) Effective Date.--The amendment made by this section shall apply 
to periods after the date of the enactment of this Act.
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