H.R.3610: To amend the Internal Revenue Code of 1986 to replace the recapture bond provisions of the low income housing tax credit program.

About This Bill

Bill Summary

Amends the Internal Revenue Code to repeal provisions of the low income housing tax credit requiring a bond to cover recapture amounts from the disposition, prior to a 15-year compliance period, of a building (or interest therein) eligible for the credit. Provides for a three-year statute of limitation (from the end of the compliance period) for assessing a recapture deficiency. Requires owners of buildings eligible for the low income housing...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure.
Nov. 21, 2003

Introduced in the House by Amory Houghton (R-N.Y.)

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