Affordable Housing Credit Improvement Act of 2016

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.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 19 May 2016

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 19 May 2016

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• Introduced in Senate

  summary · EN · 19 May 2016

  Open at official source

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