Fair Housing for Disabeled Veterans Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill aims to improve housing opportunities for disabled veterans by modifying how their disability compensation or pension payments are considered when determining eligibility for certain tax credits and bonds related to affordable housing projects. Specifically, the bill instructs the Internal Revenue Service to ignore these veteran payments when calculating income for the low-income housing tax credit and qualified residential rental project bonds. This change is intended to make it easier for veterans with disabilities to secure affordable housing.
Key provisions
- Disregards veteran disability compensation and pension payments.
- Applies to the low-income housing tax credit.
- Applies to qualified residential rental project bonds.
- Modifies Section 142(d)(2)(B) of the Internal Revenue Code.
Who is affected
- Disabled Veterans
- Housing Developers
- Internal Revenue Service
- Low-income Housing Providers
- Taxpayers
Notable changes
- Changes the calculation of income for tax credits and bonds.
- Creates a specific exception for veteran disability payments.
Fiscal impact
The bill is expected to have a negligible fiscal impact.
Bill text
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Sponsors
Official sponsors from legislative records.
21 on record
Primary sponsor
Cosponsors
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