Workforce Housing Tax Credit Act
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
The bill expands a tax credit provision: 1. Short title This Act may be cited as the Workforce Housing Tax Credit Act, reduces a tax credit, appropriation, grant provision: 2. 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 42, and reduces a tax credit, appropriation, grant provision: 42A. Middle-income housing credit. It relies on tax credits, appropriations, and grants. The main policy areas are Healthcare and Finance.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Expands a tax credit provision: 1. Short title This Act may be cited as the Workforce Housing Tax Credit Act.
- Reduces a tax credit, appropriation, grant provision: 2. 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 42...
- Reduces a tax credit, appropriation, grant provision: 42A. Middle-income housing credit.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill expands a tax credit provision: 1. Short title This Act may be cited as the Workforce Housing Tax Credit Act, reduces a tax credit, appropriation, grant provision: 2. 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 42, and reduces a tax credit, appropriation, grant provision: 42A. Middle-income housing credit.
Key Policy Areas
Healthcare, Finance
Primary Purpose
The bill expands a tax credit provision: 1. Short title This Act may be cited as the Workforce Housing Tax Credit Act, reduces a tax credit, appropriation, grant provision: 2. 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 42, and reduces a tax credit, appropriation, grant provision: 42A. Middle-income housing credit.
Policy Domains
Sponsors
Legislative Progress
In CommitteeIntroduced in House
Referred to the House Committee on Ways and Means.
Mr. Panetta (for himself, Mr. Carey, and Mr. Nunn of …
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