arrow_back Civic Audit
Share share

Tax Credit for Investing in Community Development

This bill creates a new tax credit for people and companies who invest in organizations that support development in underserved communities. The goal is to encourage more funding for projects like affordable housing, small businesses, and community facilities by offering investors a tax break over several years.
Key points
Investors in approved community development organizations can get a yearly tax credit.
The credit amount is a percentage of the investment, paid out over up to 20 years.
There's a national limit on the total amount of investments eligible for the credit each year.
This aims to bring more money into areas needing economic support.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 117_S_4418
Sponsor: Sen. Warner, Mark R. [D-VA]
Process start date: 2022-06-16
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Community Development Investment Tax Credit Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4418.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-06-16.

What are the main provisions?

Key points include:

  • Investors in approved community development organizations can get a yearly tax credit.
  • The credit amount is a percentage of the investment, paid out over up to 20 years.
  • There's a national limit on the total amount of investments eligible for the credit each year.
  • This aims to bring more money into areas needing economic support.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Warner, Mark R. [D-VA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Economy