To amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes.
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 provide a credit for middle-income housing, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Housing.
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 H63DCDE5610FC45E29F05143A7E782692: 1. Short title This Act may be cited as the Workforce Housing Tax Credit Act.
- Section HB282DFFCBBF84D65B998015FBA65816D: 2. Sense of Congress relating to the Middle-Income Housing Tax Credit It is the sense of Congress that— the middle-income housing tax credit under section 42...
- Section H84FF30364BEE4C9684CB71710AD3C732: 3. Middle-income housing tax credit Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after...
- Section HBEDBA47324274DA08D6BFDA6990F46BE: 42A. Middle-income housing credit For purposes of section 38, the amount of the middle-income housing credit determined under this section for any taxable year...
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 provide a credit for middle-income housing, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Housing
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes., 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
Jimmy Panetta
D-CA | Primary Sponsor
Legislative Progress
IntroducedMr. Panetta (for himself and Mr. Carey) 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_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