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; 24 are original cosponsors, there from 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 |
| R-TX | Kenny Marchant | Original | May 22, 2014 |
| R-KS | Lynn Jenkins | Original | May 22, 2014 |
| R-PA | Mike Kelly | Original | May 22, 2014 |
| D-MA | Richard E. Neal | Original | May 22, 2014 |
| D-WI | Ron Kind | Original | May 22, 2014 |
| R-AR | Tim Griffin | Original | May 22, 2014 |
| R-IN | Todd Young | Original | May 22, 2014 |
| R-NY | Tom Reed | Original | May 22, 2014 |
| D-CA | Zoe Lofgren | Original | May 22, 2014 |
| D-WA | Adam Smith | May 28, 2014 | |
| R-IN | Luke Messer | May 28, 2014 | |
| D-CA | Mike Thompson | May 28, 2014 | |
| D-VT | Peter Welch | May 28, 2014 | |
| D-WA | Suzan K. DelBene | May 30, 2014 | |
| R-OH | Bill Johnson | Jun 5, 2014 | |
| D-RI | James R. Langevin | Jun 5, 2014 | |
| R-MN | John Kline | Jun 10, 2014 | |
| R-MO | Vicky Hartzler | Jun 10, 2014 | |
| D-IL | Bradley Scott Schneider | Jun 11, 2014 | |
| D-RI | David N. Cicilline | Jun 11, 2014 | |
| R-OH | Michael R. Turner | Jun 11, 2014 | |
| R-CO | Mike Coffman | Jun 11, 2014 | |
| D-CA | Linda T. Sánchez | Jun 12, 2014 | |
| D-NY | Daniel B. Maffei | Jun 18, 2014 | |
| R-NE | Lee Terry | Jun 18, 2014 | |
| R-KY | Brett Guthrie | Jun 19, 2014 | |
| D-MI | Gary C. Peters | Jun 19, 2014 | |
| R-MT | Steve Daines | Jun 25, 2014 | |
| D-NH | Ann M. Kuster | Jul 3, 2014 | |
| D-WA | Derek Kilmer | Jul 14, 2014 | |
| R-MI | Tim Walberg | Jul 14, 2014 | |
| R-MO | Blaine Luetkemeyer | Jul 22, 2014 | |
| D-NC | G. K. Butterfield | Jul 22, 2014 | |
| D-IL | Cheri Bustos | Jul 29, 2014 | |
| R-IL | John Shimkus | Jul 30, 2014 | |
| D-MN | Betty McCollum | Jul 31, 2014 | |
| D-IL | William L. Enyart | Jul 31, 2014 | |
| R-IL | Rodney Davis | Aug 1, 2014 | |
| D-MD | Elijah E. Cummings | Sep 8, 2014 | |
| D-MN | Keith Ellison | Sep 8, 2014 | |
| D-IL | Mike Quigley | Sep 8, 2014 | |
| D-MA | Stephen F. Lynch | Sep 8, 2014 | |
| R-FL | Vern Buchanan | Sep 8, 2014 | |
| D-OH | Joyce Beatty | Sep 9, 2014 | |
| D-IL | Bill Foster | Sep 10, 2014 | |
| D-ME | Michael H. Michaud | Sep 11, 2014 | |
| R-MO | Jason Smith | Sep 15, 2014 | |
| R-MO | Ann Wagner | Sep 18, 2014 | |
| D-MN | Richard M. Nolan | Sep 18, 2014 | |
| R-IL | Randy Hultgren | Nov 12, 2014 | |
| D-IL | Janice D. Schakowsky | Nov 14, 2014 | |
| D-IL | Bobby L. Rush | Nov 19, 2014 | |
| D-WA | Denny Heck | Dec 2, 2014 | |
| D-NY | Steve Israel | Dec 11, 2014 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred 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.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H4829.
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 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- 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.
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
