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.
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.
- IntroducedMay 5, 2015
- Passed SenateNot reached
- Passed HouseNot 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 28
Members who signed on, in the order they did. Signatures ran from May 5, 2015 to Sep 24, 2015; 21 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MN | Al Franken | Original | May 5, 2015 |
| D-MN | Amy Klobuchar | Original | May 5, 2015 |
| I-ME | Angus S. King Jr. | Original | May 5, 2015 |
| D-CA | Barbara Boxer | Original | May 5, 2015 |
| D-MD | Benjamin L. Cardin | Original | May 5, 2015 |
| I-VT | Bernard Sanders | Original | May 5, 2015 |
| D-NY | Charles E. Schumer | Original | May 5, 2015 |
| D-NJ | Cory A. Booker | Original | May 5, 2015 |
| D-MI | Debbie Stabenow | Original | May 5, 2015 |
| D-CA | Dianne Feinstein | Original | May 5, 2015 |
| D-MA | Elizabeth Warren | Original | May 5, 2015 |
| D-NH | Jeanne Shaheen | Original | May 5, 2015 |
| D-NY | Kirsten E. Gillibrand | Original | May 5, 2015 |
| D-HI | Mazie K. Hirono | Original | May 5, 2015 |
| R-ID | Mike Crapo | Original | May 5, 2015 |
| R-KS | Pat Roberts | Original | May 5, 2015 |
| D-VT | Patrick J. Leahy | Original | May 5, 2015 |
| D-WA | Patty Murray | Original | May 5, 2015 |
| D-CT | Richard Blumenthal | Original | May 5, 2015 |
| D-NJ | Robert Menendez | Original | May 5, 2015 |
| D-RI | Sheldon Whitehouse | Original | May 5, 2015 |
| D-HI | Brian Schatz | May 6, 2015 | |
| R-ME | Susan M. Collins | May 18, 2015 | |
| R-MS | Thad Cochran | May 22, 2015 | |
| D-OR | Jeff Merkley | Jun 2, 2015 | |
| D-MI | Gary C. Peters | Jun 3, 2015 | |
| D-ND | Heidi Heitkamp | Jun 10, 2015 | |
| R-MS | Roger F. Wicker | Sep 24, 2015 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred May 5, 2015 |
Actions 2
Everything that happened, newest first.
- May 5, 2015Introduced in Senate
- May 5, 2015Read twice and referred to the Committee on Finance.
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.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| RS22917 | The Low-Income Housing Tax Credit Program: The Fixed Subsidy and Variable Rate Archived | Report | Sep 1, 2015 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1142 | 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. | Identical bill | Feb 26, 2015 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- 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.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 5, 2015Introduced in Senate
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.
