[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1481 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 1481

To amend the Internal Revenue Code of 1986 to exclude amounts received 
as a military basic housing allowance from consideration as income for 
  purposes of the low-income housing credit and qualified residential 
                            rental projects.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 12, 2007

Mr. Moran of Kansas (for himself, Mr. Jones of North Carolina, and Mr. 
    Paul) 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 exclude amounts received 
as a military basic housing allowance from consideration as income for 
  purposes of the low-income housing credit and qualified residential 
                            rental projects.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Military Access to Housing Act of 
2007''.

SEC. 2. EXCLUSION OF CERTAIN AMOUNTS FROM INCOME FOR PURPOSES OF 
              ELIGIBILITY FOR CERTAIN HOUSING PROVISIONS.

    (a) In General.--The last sentence of 142(d)(2)(B) of the Internal 
Revenue Code of 1986 (relating to income of individuals; area median 
gross income) is amended to read as follows: ``For purposes of 
determining income under this subparagraph, subsections (g) and (h) of 
section 7872 shall not apply and any payments to a member of the Armed 
Forces under section 403 of title 37, United States Code, as a basic 
pay allowance for housing, shall be disregarded.''.
    (b) Effective Date.--The amendment made by this section shall take 
effect with respect to determinations made after the date of the 
enactment of this Act.
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