Search Results for keywords:"low income housing tax credit"

Search Results: keywords:"low income housing tax credit"

H. R. 9788 — To amend the Internal Revenue Code of 1986 to disregard veteran disability compensation or pension payments in determining income for purposes of the low income housing tax credit and qualified residential rental project bonds.
September 24, 2024
Status:Introduced in House
Congress:118
Words:287
H. R. 9788 proposes changes to the Internal Revenue Code to exclude veteran disability compensation and pension payments when calculating income for low-income housing tax credits and qualified residential rental project bonds. This amendment aims to ensure that veterans...
Simple Explanation
This bill wants to change the rules so that when the government checks if people who used to be in the military make too much money to get help with cheap housing, they won't count the money these veterans get because they were hurt serving their country. This way, veterans won't lose their chance to get nice places to live just because they get this special money.
H. R. 7110 — To amend the Internal Revenue Code of 1986 to require building inspections for certain qualified low-income buildings.
January 29, 2024
Status:Introduced in House
Congress:118
Words:534
H.R. 7110 seeks to amend the Internal Revenue Code of 1986 by mandating regular building inspections for certain low-income housing under the Low Income Housing Tax Credit (LIHTC) program. It requires that these buildings comply with local, state, federal, and tribal safety...
Simple Explanation
In this bill, Congress wants to make sure that certain homes for people with low incomes are safe and well-maintained. It will require regular checks by experts to make sure the buildings are in good shape and follow all safety rules.

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