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Creates a bigger tax credit for rehabilitating qualifying rural buildings and lets taxpayers transfer that credit to other parties under a certificate and reporting system. It adds penalties if affordable-housing conditions tied to the credit are violated and prevents certain basis adjustments from reducing the credit. Changes apply to property placed in service after December 31, 2025.
Read twice and referred to the Committee on Finance.
Introduced February 19, 2025 by Shelley Moore Capito · Last progress February 19, 2025