H.R. 3540
119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to sunset the low-income housing tax credit, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES · May 21, 2025 · Sponsor: Mr. Grothman · Committee: Committee on Ways and Means
Table of contents
SEC. 1. Short title
- This Act may be cited as the Low-Income Housing Tax Credit Elimination Act.
SEC. 2. Sunset of low-income housing tax credit
- of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: Section 42
- (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.
- (o) Sunset