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, Housing, Education.
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 S1: 1. Short title This Act may be cited as the Workforce Housing Tax Credit Act.
- Section idD878E8484F7943E1804CF96625071D95: 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 P78C9E79EF8354D92A03EC3D0FB6070E7: 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, Housing, Education
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
Ron Wyden
D-OR | Primary Sponsor
Legislative Progress
IntroducedMr. Wyden (for himself and Mr. Sullivan) 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
Key Definitions
Terms defined in this bill
any organization if— such organization is described in paragraph (3) or (4) of section 501(c) and is exempt from tax under section 501(a)
any organization if— such organization is described in paragraph (3) or (4) of section 501(c) and is exempt from tax under section 501(a)
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