Low-Income Housing Tax Credit Elimination Act

Bill: 119-hr-3540
Sponsor: full_name: Rep. Grothman, Glenn [R-WI-6]
Introduced: 2025-05-21
Policy area: Taxation
Latest action: action_date: 2025-05-21
text: Referred to the House Committee on Ways and Means.

Summaries:

tv_txt: I 119th CONGRESS 1st Session H. R. 3540 IN THE HOUSE OF REPRESENTATIVES May 21, 2025 Mr. Grothman (for himself and Mr. Gosar ) 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 sunset the low-income housing tax credit, and for other purposes.

1. Short title This Act may be cited as the Low-Income Housing Tax Credit Elimination Act . 2. Sunset of low-income housing tax credit Section 42 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (o) Sunset No credit shall be determined under subsection (a) with respect to any building placed in service in a taxable year beginning after the date of the enactment of this subsection. .