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- S.2962
S.2962: Affordable Housing Credit Improvement Act of 2016
About This Bill
- Introduced May 19, 2016
- Latest Major Action May 19, 2016
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
14 (7 Democrats, 1 Independent Democrat, 6 Republicans)
Bill Summary
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)...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 19, 2016 |
Read twice and referred to the Committee on Finance.
|
| May 19, 2016 |
Introduced in the Senate by Maria Cantwell (D-Wash.) |