A Democratic bill with 1 Republican cosponsor · See the cosponsor
Last activity — Read twice and referred to the Committee on Finance.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, known as the "Affordable Housing Credit Carryback Act," aims to amend the Internal Revenue Code of 1986. It specifically targets the low-income housing tax credit. The change would allow for 5-year carrybacks for this specific credit. These amendments would apply to taxable years that begin after the bill is enacted.
Yes
- Scored +3
Would households on low incomes be better off under this?
The expansion of the low-income housing tax credit may lead to increased availability of affordable housing for low-income households.
- Scored +2
Would business owners be better off under this?
The carryback provision provides financial flexibility to developers of low-income housing projects.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Low-income housing tax credit flexibility: By allowing 5-year carrybacks, the bill amends the Internal Revenue Code to include the low-income housing tax credit alongside the marginal oil and gas well production credit (Section 2(a)).
Potential Negative Impacts for People
- No negative impacts identified: The provided text does not contain any information regarding potential negative consequences or burdens.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would households on low incomes be better off under this? — The expansion of the low-income housing tax credit may lead to increased availability of affordable housing for low-income households. Would business owners be better off under this? — The carryback provision provides financial flexibility to developers of low-income housing projects.
- 8/7/2026
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Mike RoundsRepublican · South Dakota