To amend the Internal Revenue Code of 1986 to modify the low-income housing credit basis limitation rules in the case the acquisition of an existing building.
Affordable Housing Opportunities for Utilization, Sustainment, and Expansion Act of 2019 or the Affordable HOUSE Act
This bill amends the Internal Revenue Code, with respect to the low-income housing tax credit, to modify the basis limitation rules applicable to the acquisition of buildings in service within the previous 10 years.
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3218)
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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