Restoring Tax Credits for Affordable Housing Act This bill amends the Internal Revenue Code, with respect to the low-income housing credit, to increase: (1) the state housing credit ceiling used to allocate credits to states, and (2) the credit percentage.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Housing finance and home ownershipIncome tax creditsInflation and pricesLow- and moderate-income housingState and local finance
To amend the Internal Revenue Code of 1986 to provide an increase in the low-income housing credit, and for other purposes.
USA115th CongressHR-6542| House
| Updated: 7/26/2018
Restoring Tax Credits for Affordable Housing Act This bill amends the Internal Revenue Code, with respect to the low-income housing credit, to increase: (1) the state housing credit ceiling used to allocate credits to states, and (2) the credit percentage.