S.1193: A bill to amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program.

About This Bill

  • Introduced May 5, 2015
  • Latest Major Action May 5, 2015

Bill Summary

Amends the Internal Revenue Code, with respect to the low-income housing tax credit, to make permanent the minimum 9% credit rate for new buildings that are not federally-subsidized and to establish a minimum 4% credit rate for existing buildings that are not federally-subsidized.

(Source: Library of Congress)

Bill Actions

Date Description
May 5, 2015
Read twice and referred to the Committee on Finance.
May 5, 2015

Introduced in the Senate by Maria Cantwell (D-Wash.)

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