Search Results for keywords:"state housing credit ceiling"

Search Results: keywords:"state housing credit ceiling"

S. 5156 — To amend the Internal Revenue Code of 1986 to enhance the low-income housing tax credit, and for other purposes.
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September 24, 2024
Status:Introduced in Senate
Congress:118
Words:2,889
The bill, titled the "Affordable Housing Construction Act," seeks to amend the Internal Revenue Code of 1986 to enhance tax credits for low-income housing projects. Key changes include increasing the state housing credit ceiling and providing additional credit amounts for buildings that pay...
Simple Explanation
The "Affordable Housing Construction Act" wants to give more money help to make homes for families who don't have a lot of money. It does this by increasing the money available and giving extra rewards to buildings that are really good, like using clean energy or being close to buses.
S. 4915 — To amend the Internal Revenue Code of 1986 to modify the low-income housing credit and to reauthorize and reform the Generalized System of Preferences, and for other purposes.
July 31, 2024
Status:Introduced in Senate
Congress:118
Words:3,599
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.

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