To amend the Internal Revenue Code of 1986 to expand the military housing allowance exclusion for purposes of determining area gross income in determining whether a residential rental property is a qualified residential rental property for purposes of the exempt facility bond rules, and for other purposes.
Military Families Affordable Homes Act of 2011 - Amends the Housing Assistance Tax Act of 2008 to extend through 2014 the exclusion of the basic military housing allowance from the income test for residential rental projects financed by tax-exempt housing bonds. Amends the Internal Revenue Code to extend such exclusion to military personnel at any military installation or facility (currently, limited to certain qualified military installations).
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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