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Ending low-income housing tax credits.

This bill aims to eliminate the low-income housing tax credit program. This means that after the bill becomes law, new housing projects for low-income individuals will no longer be able to benefit from these credits. This could impact the availability and cost of housing for those in need.
Key points
The bill eliminates the low-income housing tax credit.
Changes apply to buildings placed in service after the enactment date.
Potential impact on the construction of new affordable housing.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3540
Sponsor: Rep. Grothman, Glenn [R-WI-6]
Process start date: 2025-05-21
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Low-Income Housing Tax Credit Elimination Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3540.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-21.

What are the main provisions?

Key points include:

  • The bill eliminates the low-income housing tax credit.
  • Changes apply to buildings placed in service after the enactment date.
  • Potential impact on the construction of new affordable housing.
What is the specific legal status?

The current status is Introduced.

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 Rep. Grothman, Glenn [R-WI-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Taxes Real Estate Benefits