US HB3077 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 153-80)
Status: Introduced on June 4 2019 - 25% progression, died in committee
Action: 2019-06-04 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 4 2019 - 25% progression, died in committee
Action: 2019-06-04 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Revises provisions of the low-income housing tax credit and renames it as the affordable housing credit. The bill increases the per capita dollar amount of the credit and its minimum ceiling amount beginning in 2019 and extends the inflation adjustment for such amounts. The bill modifies tenant income eligibility requirements and the average income formula for determining such income. It also revises rules for student occupancy of rental units and tenant voucher payments and prohibits any refusal to rent to victims of domestic abuse. The bill further modifies the credit to establish a 4% minimum credit rate for certain housing projects, repeal the qualified census tract population cap, 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, eliminate the basis reduction for properties that receive certain energy-related tax benefits, and increase the population cap for difficult development areas (i.e., areas with high construction, land, and utility costs relative to area median gross income). The bill also includes Indian and rural areas as difficult development areas and modifies other requirements relating to casualty losses, acquisition credits, and foreclosures.
Title
Affordable Housing Credit Improvement Act of 2019
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-06-04 | House | Referred to the House Committee on Ways and Means. |
2019-06-04 | House | Introduced in House |
Same As/Similar To
SB1703 (Same As) 2019-06-04 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3218)
HB3478 (Related) 2019-06-25 - Referred to the House Committee on Ways and Means.
HB3478 (Related) 2019-06-25 - Referred to the House Committee on Ways and Means.
Subjects
Administrative remedies
Alaska Natives and Hawaiians
Alternative and renewable resources
Assault and harassment offenses
Building construction
Business investment and capital
Census and government statistics
Crime victims
Disability and paralysis
Domestic violence and child abuse
Energy efficiency and conservation
Higher education
Housing and community development funding
Housing finance and home ownership
Housing supply and affordability
Income tax credits
Income tax deductions
Income tax exclusion
Indian claims
Indian social and development programs
Inflation and prices
Infrastructure development
Landlord and tenant
Lighting, heating, cooling
Low- and moderate-income housing
Marriage and family status
Residential rehabilitation and home repair
Rural conditions and development
Securities
Sex offenses
State and local finance
State and local government operations
Taxation
Veterans' loans, housing, homeless programs
Alaska Natives and Hawaiians
Alternative and renewable resources
Assault and harassment offenses
Building construction
Business investment and capital
Census and government statistics
Crime victims
Disability and paralysis
Domestic violence and child abuse
Energy efficiency and conservation
Higher education
Housing and community development funding
Housing finance and home ownership
Housing supply and affordability
Income tax credits
Income tax deductions
Income tax exclusion
Indian claims
Indian social and development programs
Inflation and prices
Infrastructure development
Landlord and tenant
Lighting, heating, cooling
Low- and moderate-income housing
Marriage and family status
Residential rehabilitation and home repair
Rural conditions and development
Securities
Sex offenses
State and local finance
State and local government operations
Taxation
Veterans' loans, housing, homeless programs
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/3077/all-info |
Text | https://www.congress.gov/116/bills/hr3077/BILLS-116hr3077ih.pdf |