To amend the Internal Revenue Code of 1986 to allow the low income housing credit to be carried back 5 years, and for other purposes.
Low Income Housing Tax Credit Act of 2009 - Amends the Internal Revenue Code, with respect to the low income housing tax credit, to increase the offset of such credit against regular income tax liability and permit a five-year carryback of credit amounts.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1752-1753)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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