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Based on official legislative actions published by Congress.
Referred to the House Committee on Ways and Means.
This timeline shows the bill's position in the federal legislative process based on official congressional actions.
Referred to the House Committee on Ways and Means.
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Would require LIHTC buildings to exclude certain non‑eligible alien individuals from low‑income units or face credit reductions.
Introduced Oct 22, 2026 and referred to Ways and Means.
Applies to taxable years beginning after December 31, 2027.
States can avoid occupancy rule by reducing credits by 5%.
Transition rule allows 75% compliance for some buildings before 2031.
This change could affect whether LIHTC projects remain eligible for tax credits and may push owners or States to adjust occupancy, documentation, or accept a reduced credit amount; the precise impacts would depend on implementation details not fully detailed in the source.
Owners of qualified low‑income housing projects, State housing agencies, and certain non‑eligible alien individuals.
The bill was introduced in the House on October 22, 2026, and referred to the Committee on Ways and Means; no floor vote has occurred according to the source.
Praveta summarizes official congressional material and keeps the underlying source available for review.