Title: Housing for Homeless Students Act of 2019
Policy area: Taxation

Summary:
Housing for Homeless Students Act of 2019
This bill modifies the low-income housing tax credit to allow certain low-income building units that provide housing for homeless children, youth, or veterans who are full-time students to qualify for the credit. To qualify for the credit, the full-time student must have been a homeless child or youth during any portion of the seven-year period prior to occupying the housing unit or a homeless veteran during any portion of the five-year period prior to occupying the unit.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 767 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                 S. 767

 To amend the Internal Revenue Code of 1986 to qualify homeless youth 
and veterans who are full-time students for purposes of the low income 
                          housing tax credit.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 13, 2019

   Mr. Portman (for himself, Mr. Brown, and Mr. King) introduced the 
 following bill; which was read twice and referred to the Committee on 
                                Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to qualify homeless youth 
and veterans who are full-time students for purposes of the low income 
                          housing tax credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Housing for Homeless Students Act of 
2019''.

SEC. 2. HOMELESS YOUTH AND VETERANS WHO ARE FULL-TIME STUDENTS 
              QUALIFIED FOR PURPOSES OF THE LOW INCOME HOUSING TAX 
              CREDIT.

    (a) In General.--Clause (i) of section 42(i)(3)(D) of the Internal 
Revenue Code of 1986 is amended by redesignating subclauses (II) and 
(III) as subclauses (IV) and (V), respectively, and by inserting after 
subclause (I) the following new subclauses:
                                    ``(II) a full-time student who, 
                                during any portion of the 7-year period 
                                ending with the commencement of such 
                                individual's continuous occupation of 
                                any low-income unit or units, was an 
                                individual described in section 725(2) 
                                of the McKinney-Vento Homeless 
                                Assistance Act (42 U.S.C. 11434a(2)),
                                    ``(III) a full-time student who, 
                                during any portion of the 5-year period 
                                ending with the commencement of such 
                                individual's continuous occupation of 
                                any low-income unit or units, was an 
                                individual described in section 2002(1) 
                                of title 38, United States Code,''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
apply to determinations made before, on, or after the date of the 
enactment of this Act.
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