I 
109TH CONGRESS 
1ST SESSION H. R. 2681 
To amend the Internal Revenue Code of 1986 to rename the low-income 
housing credit the affordable housing credit and to increase the per 
capita amount allowed in the determination of the State housing credit 
ceiling. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 26, 2005 
Mr. JEFFERSON (for himself, Mr. ENGLISH of Pennsylvania, Mr. RANGEL, 
Mrs. JOHNSON
of Connecticut, Mr. CARDIN, Mr. FOLEY, Mr. 
MCDERMOTT, Mr. LEWIS of Georgia, Mr. BECERRA, Mrs. JONES of Ohio, 
Mr. LARSON of Connecticut, Mr. ABERCROMBIE, Ms. CARSON, Mrs. 
CHRISTENSEN, Mr. CLAY, Mr. CLEAVER, Mr. CONYERS, Mr. CROWLEY, 
Mr. CUMMINGS, Mr. DAVIS of Alabama, Mr. DAVIS of Illinois, Mr. 
FATTAH, Mr. FRANK of Massachusetts, Mr. GRIJALVA, Mr. GUTIERREZ, 
Mr. HASTINGS of Florida, Mr. HINOJOSA, Ms. JACKSON-LEE of Texas, 
Ms. EDDIE BERNICE JOHNSON of Texas, Ms. KILPATRICK of Michigan, 
Mrs. MALONEY, Mr. MEEKS of New York, Mr. MENENDEZ, Ms. 
MILLENDER-MCDONALD, Mr. MILLER of North Carolina, Mr. GEORGE 
MILLER of California, Mr. MOORE of Kansas, Ms. MOORE of Wisconsin, 
Mr. OWENS, Mr. PALLONE, Mr. PAYNE, Mr. PRICE of North Carolina, 
Mr. ROSS, Mr. RUSH, Mr. RYAN of Ohio, Ms. LINDA T. SA´NCHEZ of 
California, Ms. LORETTA SANCHEZ of California, Mr. SERRANO, Mr. 
THOMPSON of Mississippi, Ms. WASSERMAN SCHULTZ, Ms. WATERS, Ms. 
WATSON, Mr. WYNN, and Mr. CUELLAR) introduced the following bill; 
which was referred to the Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to rename 
the low-income housing credit the affordable housing 
credit and to increase the per capita amount allowed 
in the determination of the State housing credit ceiling.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Affordable Housing 
Tax Credit Enhancement Act of 2005’’. 
SEC. 2. INCREASE IN PER CAPITA AMOUNT ALLOWED IN 
THE DETERMINATION OF THE STATE HOUS-
ING CREDIT CEILING; CREDIT RENAMED AF-
FORDABLE HOUSING CREDIT. 
(a) 
IN
GENERAL.—Subclause 
(I) 
of 
section 
42(h)(3)(C)(ii) of the Internal Revenue Code of 1986 (re-
lating to state housing credit ceiling) is amended by strik-
ing ‘‘$1.75 ($1.50 for 2001)’’ and inserting ‘‘$3.70’’. 
(b) CONFORMING AMENDMENT TO INFLATION AD-
JUSTMENT.—Subparagraph (H) of section 42(h)(3) of 
such Code (relating to cost-of-living adjustment) is amend-
ed— 
(1) in clause (i)— 
(A) by striking ‘‘2002’’ and inserting 
‘‘2006’’, 
(B) by striking ‘‘$1.75’’ and inserting 
‘‘$3.70’’, and 
(C) by striking ‘‘calendar year 2001’’ and 
inserting ‘‘calendar year 2005’’, and
(2) in subclause (II) of clause (ii) by striking 
‘‘$1.75’’ and inserting ‘‘$3.70’’. 
(c) CREDIT
RENAMED
AFFORDABLE
HOUSING 
CREDIT.— 
(1) The following provisions of such Code are 
each amended by striking ‘‘low-income housing cred-
it’’ and inserting ‘‘affordable housing credit’’: 
(A) Section 38(b)(5). 
(B) Section 42(a). 
(C) Subsections (a)(7) and (d)(5) of sec-
tion 772. 
(2) The heading for section 42 of such Code is 
amended to read as follows: 
‘‘SEC. 42. AFFORDABLE HOUSING CREDIT.’’. 
(3) The item relating to section 42 in the table 
of sections for subpart D of part IV of subchapter 
A of chapter 1 of such Code is amended to read as 
follows: 
‘‘Sec. 42. Affordable housing credit.’’. 
(4) The headings for paragraphs (3)(D) and 
(6)(B) of section 469(i) of such Code are both 
amended by striking ‘‘LOW-INCOME HOUSING CRED-
IT’’ and inserting ‘‘AFFORDABLE HOUSING CREDIT’’.
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2005. 
Æ