S. 4915 proposes changes to the Internal Revenue Code to update the low-income housing credit, which involves raising the state housing credit ceiling and modifying tax-exempt bond financing criteria. The bill also seeks to extend and reform the Generalized System of...
Simple Explanation
S. 4915 is a bill that wants to change the rules to help make housing cheaper for people with less money and also check how some countries are doing to decide if the U.S. should keep giving them special trading benefits.