A bill to amend the Internal Revenue Code of 1986 to provide an increased low-income housing credit for property located immediately adjacent to qualified census tracts.

Fact Sheet API

Bill Number

S 497

Introduced

Mar 3, 2003

Latest Action

Read twice and referred to the Committee on Finance.

Sponsor

Cosponsors

Topics

Census Commerce Government Operations and Politics Housing and Community Development Income tax Low-income housing Social Welfare Tax credits Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code to provide an increased low-income housing credit for property which is contiguous to a qualified census tract and which meets qualified allocation plan criteria.

Actions

Mar 3, 2003

Read twice and referred to the Committee on Finance.
Mar 3, 2003

Introduced in Senate

Amendments

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