Housing for Homeless Students Act of 2024

Bill: 118-hr-7278
Sponsor: full_name: Rep. Davis, Danny K. [D-IL-7]
Introduced: 2024-02-07
Policy area: Taxation
Latest action: action_date: 2024-02-07
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2024-02-07
action_desc: Introduced in House
text: <p><strong>Housing for Homeless Students Act of 2024</strong></p><p>This bill extends eligibility for the low-income housing tax credit to homeless youth and veterans who are full-time students during a specified time period.&nbsp;&nbsp;</p>

tv_txt: I 118th CONGRESS 2d Session H. R. 7278 IN THE HOUSE OF REPRESENTATIVES February 7, 2024 Mr. Davis of Illinois (for himself and Mr. Wenstrup ) 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 qualify homeless youth and veterans who are full-time students for purposes of the low-income housing tax credit.

1. Short title This Act may be cited as the Housing for Homeless Students Act of 2024 . 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(a)(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.