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United States · Bill · S

S. 2962 (114th)

Affordable Housing Credit Improvement Act of 2016

referredUnited States· United States Congress· EN

Introduced

19 May 2016

Last action

19 May 2016 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Cantwell, Maria [D-WA], Sen. Hatch, Orrin G. [R-UT], Sen. Schumer, Charles E. [D-NY], Sen. Wyden, Ron [D-OR], Sen. Ayotte, Kelly [R-NH], Sen. Klobuchar, Amy [D-MN], Sen. Murkowski, Lisa [R-AK], Sen. Merkley, Jeff [D-OR], Sen. Collins, Susan M. [R-ME], Sen. Boxer, Barbara [D-CA], Sen. Cassidy, Bill [R-LA], Sen. Sanders, Bernard [I-VT], Sen. Portman, Rob [R-OH], Sen. Leahy, Patrick J. [D-VT], Sen. Schatz, Brian [D-HI]

Subjects

Housing, Taxation

Source updated

12 August 2025

Housing · Taxation

Summary

Affordable Housing Credit Improvement Act of 2016 This bill amends the Internal Revenue Code, with respect to the low-income housing tax credit, to: (1) expand the credit by increasing the state housing credit ceiling, (2) modify the cost-of-living adjustment required for the state housing credit ceiling, (3) establish a new average income test which may be used to determine if a low-income housing project qualifies for the credit, and (4) establish a minimum credit rate of 4% for certain new or existing buildings.

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

Timeline

  1. 19 May 2016

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 19 May 2016

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 19 May 2016

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 19 May 2016

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 19 May 2016

    Open at official source

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Sponsors

Related records

Sources

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