H.R.3661 - To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program.

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  • Official: To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
12/14/11
 
 
 
 
 
 
 

Sponsor

T000462

Representative

Patrick Tiberi

R-OH

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Official Summary

Amends the Internal Revenue Code to: (1) make permanent the low-income housing tax rate for new buildings that are not federally subsidized, and (2) establish a minimum 4% low-income tax credit rate for existing buildings that are not federally subsidized.

Official Summary

Amends the Internal Revenue Code to:
(1) make permanent the low-income housing tax rate for new buildings that are not federally subsidized, and
(2) establish a minimum 4% low-income tax credit rate for existing buildings that are not federally subsidized.

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