I 
118TH CONGRESS 
2D SESSION 
H. R. 7110 
To amend the Internal Revenue Code of 1986 to require building inspections 
for certain qualified low-income buildings. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 29, 2024 
Mr. ESPAILLAT (for himself and Mr. TORRES of New York) 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 require 
building inspections for certain qualified low-income 
buildings. 
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 ‘‘Low Income Housing 
Tax Credit Landlord Accountability Act of 2024’’ or the 
‘‘LIHTC Landlord Accountability Act of 2024’’. 
SEC. 2. LOW INCOME HOUSING TAX CREDIT BUILDING IN-
SPECTION REQUIREMENTS. 
(a) IN GENERAL.—Section 42(d)(2)(B) of the Inter-
nal Revenue Code of 1986 is amended in clause (iii) by 
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striking ‘‘and’’ at the end, in clause (iv) by striking the 
period at the end and inserting ‘‘, and’’, and by adding 
at the end the following new clause: 
‘‘(v) the building meets the require-
ments of applicable local, State, Federal, 
and Tribal laws relating to safety, habit-
ability, or environment protection, as cer-
tified by an appropriately licensed profes-
sional during the credit period.’’. 
(b) REQUIRED ANNUAL REPORTS.—Section 42(l)(2) 
of such Code is amended by striking ‘‘may require tax-
payers’’ and inserting ‘‘shall require each taxpayer that 
owns a qualified low-income building’’. 
(c) 
PHYSICAL
CONDITION
ASSESSMENT
RE-
QUIRED.—Section 42(l)(2) of such Code is amended by 
redesignating subparagraph (C) as subparagraph (D) and 
by inserting after subparagraph (B) the following new 
subparagraph: 
‘‘(B) a physical condition assessment in-
cluding photographs and a detailed narrative of 
the interior and exterior of the structure com-
pleted by an appropriately licensed profes-
sional— 
‘‘(i) evaluating the structural, phys-
ical, and health and safety conditions of 
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the structural and mechanical systems of 
each such building, and 
‘‘(ii) providing cost estimates for 
maintaining the building and any nec-
essary 
rehabilitation 
or 
remediation 
work.’’. 
(d) REPORT TO CONGRESS.—Section 42 of such Code 
is amended by redesignating subsection (n) as subsection 
(o) and by inserting after subsection (m) the following new 
subsection: 
‘‘(n) REPORT TO CONGRESS.—The Secretary shall 
annually submit a report to Congress summarizing the 
contents of returns submitted to the Secretary under sub-
section (l)(2) during the preceding calendar year.’’. 
(e) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
Æ 
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