To amend the Internal Revenue Code of 1986 to improve the low-income housing credit.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to improve the low-income housing credit., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Social Welfare, Environment.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H584670D93AA74C788D6F213B29DA8886: 1. Short title This Act may be cited as the Visitable Inclusive Tax Credits for Accessible Living (VITAL) Act.
- Section H44B1172467C3465E8BD3D0BE2FC4813B: 2. Purpose The purposes of this Act are to— increase low-income housing tax credits to increase the stock of disability-accessible and affordable housing;...
- Section H0435086242584A43A8652E3856DB1B17: 3. Findings Congress makes the following findings: By 2030, 1 in every 5 Americans will be over age 65, and currently, 2 in 5 adults over age 65 have a...
- Section H03896CA9BAE64D849CD1B3564B16449A: 4. Increases in State allocations Clause (ii) of section 42(h)(3)(C) of the Internal Revenue Code of 1986 is amended— by striking $1.75 in subclause (I) and...
- Section HDC4876465CAC4BFDACC5B2B9E506B79E: 5. Tax-exempt bond financing requirement Subparagraph (B) of section 42(h)(4) of the Internal Revenue Code of 1986 is amended by adding at the end the...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to improve the low-income housing credit., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Social Welfare, Environment
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to improve the low-income housing credit., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Evans (for himself and Mr. Fitzpatrick) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
- "secretary_of_housing_and_urban_development"
- → Secretary of Housing and Urban Development
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology