S 1193 · 114th Congress 2015–2017, ended

A bill 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.

Introduced May 5, 2015 Originated Senate Sponsor Maria Cantwell D-WA

Fact sheet

Latest action · May 5, 2015 Read twice and referred to the Committee on Finance.

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.

  1. IntroducedMay 5, 2015
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. 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 28

Members who signed on, in the order they did. Signatures ran from May 5, 2015 to Sep 24, 2015, with 21 there on the day it was introduced.

SeatCosponsorSigned on
D-MNAl FrankenOriginalMay 5, 2015
D-MNAmy KlobucharOriginalMay 5, 2015
I-MEAngus S. King Jr.OriginalMay 5, 2015
D-CABarbara BoxerOriginalMay 5, 2015
D-MDBenjamin L. CardinOriginalMay 5, 2015
I-VTBernard SandersOriginalMay 5, 2015
D-NYCharles E. SchumerOriginalMay 5, 2015
D-NJCory A. BookerOriginalMay 5, 2015
D-MIDebbie StabenowOriginalMay 5, 2015
D-CADianne FeinsteinOriginalMay 5, 2015
D-MAElizabeth WarrenOriginalMay 5, 2015
D-NHJeanne ShaheenOriginalMay 5, 2015
D-NYKirsten E. GillibrandOriginalMay 5, 2015
D-HIMazie K. HironoOriginalMay 5, 2015
R-IDMike CrapoOriginalMay 5, 2015
Show all 28 cosponsors

Actions 2

Everything that happened, newest first.

  1. May 5, 2015Introduced in Senate
  2. May 5, 2015Read twice and referred to the Committee on Finance.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 1142To 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.Identical billFeb 26, 2015

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. May 5, 2015Introduced in Senate

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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.