Title: To amend the Internal Revenue Code of 1986 to provide a refundable credit against tax for landlords of veterans receiving rental assistance under the Veterans Affairs Supported Housing program.
Policy area: Taxation

Summary:
This bill allows a refundable tax credit for the owner of a dwelling unit that is occupied by a veteran on whose behalf rental assistance is provided by the Veterans Affairs Supported Housing program under the United States Housing Act of 1937. The credit is equal to 10% of the amount of rental assistance received by the person for the year.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2225 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 2225

  To amend the Internal Revenue Code of 1986 to provide a refundable 
     credit against tax for landlords of veterans receiving rental 
    assistance under the Veterans Affairs Supported Housing program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 2019

  Ms. Brownley of California 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 provide a refundable 
     credit against tax for landlords of veterans receiving rental 
    assistance under the Veterans Affairs Supported Housing program.

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

SECTION 1. REFUNDABLE CREDIT FOR LANDLORDS OF VETERANS RECEIVING RENTAL 
              ASSISTANCE UNDER THE VETERANS AFFAIRS SUPPORTED HOUSING 
              PROGRAM.

    (a) In General.--Subpart C of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by inserting after 
section 36B the following new section:

``SEC. 36C. LANDLORDS OF VETERANS RECEIVING RENTAL ASSISTANCE UNDER THE 
              VETERANS AFFAIRS SUPPORTED HOUSING PROGRAM.

    ``In the case of a person who is an owner of a dwelling unit that 
is occupied by a veteran on whose behalf rental assistance is provided 
under section 8(o)(19) of the United States Housing Act of 1937, there 
shall be allowed as a credit against the tax imposed by this subtitle 
for the taxable year an amount equal to 10 percent of the amount of 
such rental assistance received by such person for such taxable 
year.''.
    (b) Conforming Amendments.--
            (1) Section 6211(b)(4)(A) of such Code is amended by 
        inserting ``36C,'' after ``36B,''.
            (2) Section 1324(b)(2) of title 31, United States Code, is 
        amended by inserting ``36C,'' after ``36B,''.
            (3) The table of sections for subpart C of part IV of 
        subchapter A of chapter 1 of the Internal Revenue Code of 1986 
        is amended by inserting after the item relating to section 36B 
        the following new item:

``Sec. 36C. Landlords of veterans receiving rental assistance under the 
                            Veterans Affairs Supported Housing 
                            program.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years ending after the date of the enactment of this 
Act.
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