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118-hr-9788Committee
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To amend the Internal Revenue Code of 1986 to disregard veteran disability compensation or pension payments in determining income for purposes of the low income housing tax credit and qualified residential rental project bonds.

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Summary

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This bill amends the Internal Revenue Code to exclude veteran disability compensation and pension payments from income calculations when determining eligibility for the low-income housing tax credit and qualified residential rental project bonds. The change would allow veterans receiving disability or pension benefits to qualify for these housing programs based on lower counted income, potentially expanding their access to affordable housing assistance.

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Bill details

Congress
118
Bill type
hr
Introduced
September 24, 2024
Sponsor
Not yet available
Last action
September 24, 2024— Referred to the House Committee on Ways and Means.

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