US HB1661 | 2017-2018 | 115th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on March 21 2017 - 25% progression, died in chamber
Action: 2018-01-16 - ASSUMING FIRST SPONSORSHIP - Mr. Curbelo asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1661, a bill originally introduced by Representative Tiberi, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
Text: Latest bill text (Introduced) [PDF]

Summary

Affordable Housing Credit Improvement Act of 2017 This bill amends the Internal Revenue Code, with respect to the low-income housing credit, to rename the credit "the affordable housing credit" and make several modifications to the credit. The bill revises tenant eligibility requirements, with respect to: the average income test, income eligibility for rural projects, increased tenant income, student occupancy rules, and tenant voucher payments that are taken into account as rent. The bill revises various requirements to: establish a 4% minimum credit rate for certain projects, permit relocation costs to be taken into account as rehabilitation expenditures, repeal the qualified census tract population cap, require housing credit agencies to make certain determinations regarding community revitalization plans, prohibit local approval and contribution requirements, increase the credit for certain projects designated to serve extremely low-income households, increase the credit for certain bond-financed projects designated by state agencies, increase the population cap for difficult development areas, and eliminate the basis reduction for a property that receives the tax credit for investments in energy property if the affordable housing credit is allowed for the property. The bill also modifies requirements regarding the reconstruction or replacement period after a casualty loss, rights related to building purchases, the prohibition on claiming acquisition credits for properties placed in service in the previous 10 years, foreclosures, and projects that assist Native Americans.

Tracking Information

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Title

Affordable Housing Credit Improvement Act of 2017

Sponsors

Rep. Patrick Tiberi [R-OH]Rep. Richard Neal [D-MA]Rep. Patrick Meehan [R-PA]Rep. Earl Blumenauer [D-OR]
Rep. Mike Kelly [R-PA]Rep. Linda Sanchez [D-CA]Rep. Erik Paulsen [R-MN]Rep. Joseph Crowley [D-NY]
Rep. David Reichert [R-WA]Rep. Mike Thompson [D-CA]Rep. Jason Smith [R-MO]Rep. Danny Davis [D-IL]
Rep. Carlos Curbelo [R-FL]Rep. Gregory Meeks [D-NY]Rep. John Faso [R-NY]Rep. John Katko [R-NY]
Rep. Bill Pascrell [D-NJ]Rep. James Renacci [R-OH]Rep. Don Young [R-AK]Rep. Kenny Marchant [R-TX]
Rep. Julia Brownley [D-CA]Rep. Jackie Walorski [R-IN]Sen. Ted Budd [R-NC]Rep. John Larson [D-CT]
Rep. Luke Messer [R-IN]Rep. Vicente Gonzalez [D-TX]Rep. George Holding [R-NC]Rep. Jose Serrano [D-NY]
Rep. Salud Carbajal [D-CA]Rep. Jared Polis [D-CO]Rep. Suzan DelBene [D-WA]Rep. Walter Jones [R-NC]
Rep. David Cicilline [D-RI]Rep. Richard Nolan [D-MN]Sen. Jacky Rosen [D-NV]Rep. Kristi Noem [R-SD]
Sen. Peter Welch [D-VT]Rep. Suzanne Bonamici [D-OR]Rep. Anna Eshoo [D-CA]Rep. Bradley Schneider [D-IL]
Rep. Charlie Crist [D-FL]Rep. Lynn Jenkins [R-KS]Sen. Kyrsten Sinema [I-AZ]Rep. Ann Kuster [D-NH]
Rep. Steve Stivers [R-OH]Rep. Todd Rokita [R-IN]Rep. Brian Higgins [D-NY]Rep. Katherine Clark [D-MA]
Rep. Pramila Jayapal [D-WA]Rep. Lou Barletta [R-PA]Rep. Vern Buchanan [R-FL]Rep. James Himes [D-CT]
Rep. Derek Kilmer [D-WA]Rep. Ken Calvert [R-CA]Rep. Darren Soto [D-FL]Rep. Michael Turner [R-OH]
Rep. Ed Perlmutter [D-CO]Rep. Brian Fitzpatrick [R-PA]Rep. Bill Johnson [R-OH]Rep. David Rouzer [R-NC]
Rep. David Price [D-NC]Rep. Timothy Walz [D-MN]Rep. Robin Kelly [D-IL]Rep. Joyce Beatty [D-OH]
Rep. Susan Brooks [R-IN]Rep. Matthew Cartwright [D-PA]Rep. Keith Ellison [D-MN]Rep. Joseph Kennedy [D-MA]
Rep. Rosa DeLauro [D-CT]Rep. Alcee Hastings [D-FL]Rep. Larry Bucshon [R-IN]Rep. Darrell Issa [R-CA]
Rep. Chellie Pingree [D-ME]Sen. Roger Marshall [R-KS]Rep. Robert Brady [D-PA]Rep. Scott Taylor [R-VA]
Rep. Stephen Knight [R-CA]Rep. Grace Napolitano [D-CA]Rep. Lucille Roybal-Allard [D-CA]Rep. Bob Gibbs [R-OH]
Rep. Judy Chu [D-CA]Rep. John Shimkus [R-IL]Rep. Doug LaMalfa [R-CA]Rep. Eliot Engel [D-NY]
Rep. David Young [R-IA]Rep. Yvette Clarke [D-NY]Rep. Colleen Hanabusa [D-HI]Rep. Edward Royce [R-CA]
Rep. Bruce Poliquin [R-ME]Rep. Alan Lowenthal [D-CA]Rep. Kevin Yoder [R-KS]Rep. Ron Estes [R-KS]
Rep. John Garamendi [D-CA]Rep. Ron Kind [D-WI]Rep. Paul Cook [R-CA]Rep. Mark DeSaulnier [D-CA]
Rep. Tim Walberg [R-MI]Rep. Charles Dent [R-PA]Rep. Claudia Tenney [R-NY]Rep. Lee Zeldin [R-NY]
Rep. Steven Palazzo [R-MS]Rep. Carol Shea-Porter [D-NH]Rep. Elise Stefanik [R-NY]Rep. Vicky Hartzler [R-MO]
Rep. Daniel Donovan [R-NY]Rep. Ryan Costello [R-PA]Rep. Luis Correa [D-CA]Rep. Patrick McHenry [R-NC]
Rep. Beto O'Rourke [D-TX]Rep. James Comer [R-KY]Rep. Brett Guthrie [R-KY]Rep. Jeff Fortenberry [R-NE]
Rep. David Joyce [R-OH]Rep. Mia Love [R-UT]Rep. Stephanie Murphy [D-FL]Rep. Cheri Bustos [D-IL]
Rep. Peter King [R-NY]Rep. Jimmy Gomez [D-CA]Rep. Elizabeth Esty [D-CT]Rep. Janice Schakowsky [D-IL]
Rep. David Valadao [R-CA]Rep. Peter Visclosky [D-IN]Rep. Mark Meadows [R-NC]Rep. Peter Roskam [R-IL]
Rep. Rodney Davis [R-IL]Rep. Darin LaHood [R-IL]Rep. Dennis Ross [R-FL]Rep. Rick Larsen [D-WA]
Rep. Dina Titus [D-NV]Rep. Gene Green [D-TX]Rep. Mike Coffman [R-CO]Rep. Tom Reed [R-NY]
Rep. Dwight Evans [D-PA]Rep. Tim Ryan [D-OH]Rep. John Yarmuth [D-KY]Rep. Sam Graves [R-MO]
Rep. James Langevin [D-RI]Rep. Michael Capuano [D-MA]Rep. Richard Hudson [R-NC]Rep. Sean Maloney [D-NY]
Rep. Joe Courtney [D-CT]Rep. Tom Emmer [R-MN]Rep. James McGovern [D-MA]Rep. Alma Adams [D-NC]
Rep. Luis Gutierrez [D-IL]Rep. Fred Upton [R-MI]Rep. Jared Huffman [D-CA]Rep. Scott Peters [D-CA]
Rep. Mike Quigley [D-IL]Rep. Seth Moulton [D-MA]Rep. Mark Walker [R-NC]Rep. Donald Norcross [D-NJ]
Rep. G. Butterfield [D-NC]Rep. Will Hurd [R-TX]Rep. Robert Pittenger [R-NC]Rep. Garland Barr [R-KY]
Rep. Grace Meng [D-NY]Rep. Marcy Kaptur [D-OH]Rep. Niki Tsongas [D-MA]Rep. Daniel Kildee [D-MI]
Rep. John Curtis [R-UT]Rep. James Clyburn [D-SC]Rep. David Roe [R-TN]Rep. John Duncan [R-TN]
Rep. Albio Sires [D-NJ]Rep. David Loebsack [D-IA]Rep. Raja Krishnamoorthi [D-IL]Rep. Marcia Fudge [D-OH]
Rep. Val Demings [D-FL]Rep. Stephen Lynch [D-MA]Rep. Brad Wenstrup [R-OH]Rep. Brenda Lawrence [D-MI]
Rep. Thomas Suozzi [D-NY]Rep. Robert Latta [R-OH]Rep. Norma Torres [D-CA]Rep. Keith Rothfus [R-PA]
Rep. Christopher Smith [R-NJ]Rep. Bonnie Coleman [D-NJ]Rep. John Delaney [D-MD]Rep. Randy Hultgren [R-IL]
Rep. Troy Balderson [R-OH]Rep. Tom O'Halleran [D-AZ]Rep. Barbara Lee [D-CA]

History

DateChamberAction
2018-01-16HouseASSUMING FIRST SPONSORSHIP - Mr. Curbelo asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1661, a bill originally introduced by Representative Tiberi, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
2017-03-21HouseReferred to the House Committee on Ways and Means.
2017-03-21HouseIntroduced in House

Same As/Similar To

SB548 (Related) 2017-03-07 - Read twice and referred to the Committee on Finance.

Subjects


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Bill Comments

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