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United States · Bill · HR

H.R. 3874 (102nd)

Low-Income Housing Revitalization Act

referredUnited States· United States Congress· EN

Introduced

22 November 1991

Last action

22 November 1991 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Dixon, Julian C. [D-CA-28], Rep. Applegate, Douglas [D-OH-18], Rep. Bustamante, Albert G. [D-TX-23], Rep. Clay, William (Bill) [D-MO-1], Rep. Collins, Cardiss [D-IL-7], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Espy, Mike [D-MS-2], Rep. Frank, Barney [D-MA-4], Rescom. Fuster, Jamie B. [D-PR-At Large], Rep. Hayes, Charles A. [D-IL-1], Rep. Jefferson, William J. [D-LA-2], Rep. Mfume, Kweisi [D-MD-7], Rep. Mrazek, Robert J. [D-NY-3], Rep. Murphy, Austin J. [D-PA-22], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Oberstar, James L. [D-MN-8], Rep. Owens, Major R. [D-NY-12], Rep. Perkins, Carl C. [D-KY-7], Rep. Rangel, Charles B. [D-NY-19], Rep. Savage, Gus [D-IL-2], Rep. Torres, Esteban Edward [D-CA-34], Rep. Towns, Edolphus [D-NY-11], Rep. Traficant, James A., Jr. [D-OH-17], Rep. Wolpe, Howard E. [D-MI-3], Rep. Washington, Craig A. [D-TX-18], Rep. Ford, Harold E. [D-TN-8], Marcy Kaptur, Rep. Evans, Lane [D-IL-17], Rep. Frost, Martin [D-TX-24], JOHN CONYERS, Rep. Wise, Robert E., Jr. [D-WV-3]

Subjects

Housing, Taxation

Source updated

26 August 2025

Housing · Taxation

Official sourceDownload fileView documentsShare

Summary

Low-Income Housing Revitalization Act - Amends Internal Revenue Code (IRC) provisions relating to the low-income housing credit to increase the credit from four percent to nine percent with respect to new buildings that are federally subsidized. Extends the low-income housing credit permanently. Amends IRC accounting provisions to exempt low-income housing credit activities from limitations on passive losses. Revises the accelerated cost recovery system in connection with low-income residential rental property to reduce the applicable recovery period from 27.5 to 20 years. Disallows an income tax deduction for any expense relating to residential rental units unless such units are suitable for occupancy. Excludes deductions for business expenses, interest on indebtedness, and taxes from calculations to determine the passive loss limitation in connection with rental real estate activity relating to a qualified low-income housing project in which a noncorporate taxpayer actively or materially participates.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 22 November 1991

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 22 November 1991

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 22 November 1991

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

2 official files

Introduced in House (text)

View fileDownload file

Sponsors

Related records

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Sources

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