To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program.
Latest action · May 22, 2014 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 22, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code, with respect to the low-income housing tax credit, to make permanent the minimum 9% credit rate for new buildings that are not federally-subsidized and to establish a minimum 4% credit rate for existing buildings that are not federally-subsidized.
Cosponsors 69
Members who signed on, in the order they did. Signatures ran from May 22, 2014 to Dec 11, 2014, with 24 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IL | Aaron Schock | Original | May 22, 2014 |
| D-NJ | Bill Pascrell, Jr. | Original | May 22, 2014 |
| R-OH | Bob Gibbs | Original | May 22, 2014 |
| D-NY | Charles B. Rangel | Original | May 22, 2014 |
| R-LA | Charles W. Boustany, Jr. | Original | May 22, 2014 |
| D-IL | Danny K. Davis | Original | May 22, 2014 |
| R-WA | David G. Reichert | Original | May 22, 2014 |
| R-CA | Devin Nunes | Original | May 22, 2014 |
| D-OR | Earl Blumenauer | Original | May 22, 2014 |
| R-MN | Erik Paulsen | Original | May 22, 2014 |
| R-OH | James B. Renacci | Original | May 22, 2014 |
| R-PA | Jim Gerlach | Original | May 22, 2014 |
| D-WA | Jim McDermott | Original | May 22, 2014 |
| D-CT | John B. Larson | Original | May 22, 2014 |
| D-NY | Joseph Crowley | Original | May 22, 2014 |
Actions 2
Everything that happened, newest first.
- May 22, 2014Introduced in House
- May 22, 2014Referred to the House Committee on Ways and Means.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1442 | Improving the Low Income Housing Tax Credit Rate Act | Related bill | Aug 1, 2013 |
| S 2260 | EXPIRE Act of 2014 | Related bill | May 7, 2014 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 22, 2014Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.