[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 839 Introduced in Senate (IS)]







110th CONGRESS
  1st Session
                                 S. 839

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.


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                   IN THE SENATE OF THE UNITED STATES

                             March 12, 2007

 Mr. Roberts (for himself and Mr. Brownback) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 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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