[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 249 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                 S. 249

To amend the Internal Revenue Code of 1986 to qualify formerly homeless 
 youth who are students for purposes of low income housing tax credit.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 14, 2009

Ms. Stabenow (for herself, Mr. Schumer, and Mrs. Murray) 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 qualify formerly homeless 
 youth who are students for purposes of low income housing tax credit.

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

SECTION 1. FORMERLY HOMELESS YOUTH WHO ARE STUDENTS QUALIFIED FOR 
              PURPOSES OF LOW INCOME HOUSING TAX CREDIT.

    (a) In General.--Clause (i) of section 42(i)(3)(D) of the Internal 
Revenue Code of 1986 is amended by redesignating subclauses (II) and 
(III) as subclauses (III) and (IV), respectively, and by inserting 
after subclause (I) the following new subclause:
                                    ``(II) a student who previously was 
                                a homeless child or youth (as defined 
                                by section 725 of the McKinney-Vento 
                                Homeless Assistance Act (42 U.S.C. 
                                11434a)),''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
apply to determinations made before, on, or after the date of the 
enactment of this Act.
                                 <all>