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- S.1989
S.1989: A bill to amend the Internal Revenue Code of 1986 to make permanent the minimum low-income housing tax credit rate for unsubsidized buildings and to provide a minimum 4 percent credit rate for existing buildings.
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Dec. 14, 2011
- Latest Major Action Dec. 14, 2011
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
24 (18 Democrats, 1 Independent, 1 Independent Democrat, 4 Republicans)
Bill Summary
Amends the Internal Revenue Code to: (1) make permanent the the minimum low-income housing tax credit rate for new buildings that are not federally subsidized, and (2) establish a minimum 4% low-income housing tax rate for existing buildings that are not federally subsidized.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| Dec. 14, 2011 |
Introduced in the Senate by Maria Cantwell (D-Wash.) |