US Congress Senate Bill 2962 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on May 19 2016 - 25% progression, died in committee
Action: 2016-05-19 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Affordable Housing Credit Improvement Act of 2016 This bill amends the Internal Revenue Code, with respect to the low-income housing tax credit, to: (1) expand the credit by increasing the state housing credit ceiling, (2) modify the cost-of-living adjustment required for the state housing credit ceiling, (3) establish a new average income test which may be used to determine if a low-income housing project qualifies for the credit, and (4) establish a minimum credit rate of 4% for certain new or existing buildings.

Affordable Housing Credit Improvement Act of 2016

Sen. Maria Cantwell [D-WA]	Sen. Orrin Hatch [R-UT]	Sen. Charles Schumer [D-NY]	Sen. Ron Wyden [D-OR]
Sen. Kelly Ayotte [R-NH]	Sen. Amy Klobuchar [D-MN]	Sen. Lisa Murkowski [R-AK]	Sen. Jeff Merkley [D-OR]
Sen. Susan Collins [R-ME]	Sen. Barbara Boxer [D-CA]	Sen. Bill Cassidy [R-LA]	Sen. Bernard Sanders [I-VT]
Sen. Rob Portman [R-OH]	Sen. Patrick Leahy [D-VT]	Sen. Brian Schatz [D-HI]

Date	Chamber	Action
2016-05-19	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2962/all-info
Text	https://www.congress.gov/114/bills/s2962/BILLS-114s2962is.pdf