119-HR3540
Low-Income Housing Tax Credit Elimination Act
Last action was on 5-21-2025
SenateCurrent status is Referred to the House Committee on Ways and Means.
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119th CONGRESS
1st Session
H. R. 3540
1. Short title2. Sunset of low-income housing tax credit1. 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.