U.S. Congress legislation · 119th Congress
SB5625: Affordable Housing Construction Act
Status: In committee, September 30, 2026
A bill to amend the Internal Revenue Code of 1986 to enhance the low-income housing tax credit, and for other purposes.
What the bill says
To amend the Internal Revenue Code of 1986 to enhance the low-income housing tax credit, and for other purposes.
From the introduced text, September 30, 2026:
A BILL To amend the Internal Revenue Code of 1986 to enhance the low-income housing tax credit, and for other purposes. SECTION 1. Short title This Act may be cited as the Affordable Housing Construction Act . SECTION 2. Increase in State housing credit ceiling (a) In general Section 42(h)(3)(C)(ii) of the Internal Revenue Code of 1986 is amended-- (1) by striking $1.75 in subclause (I) and inserting $9.79 , and (2) by striking $2,000,000 in subclause (II) and inserting $11,340,000 . (b) Inflation adjustments Section 42(h)(3)(H) is amended-- (1) by striking In the case of a calendar year after 2002, the $2,000,000 and $1.75 amounts in subparagraph (C) in clause (i) and inserting In the case of a calendar year after 2027, the $11,340,000 and $9.79 amounts in subparagraph (C) , (2) by striking calendar year 2001 in clause (i)(II) and inserting calendar year 2026 , (3) by striking $2,000,000 in clause (ii)(I) and inserting $11,340,000 , and (4) by striking $1.75 in clause (ii)(II) and inserting $9.79 . (c) Effective date The amendments made by this section shall apply to calendar years beginning after December 31, 2026. SECTION 3. Increased credit amounts and credit allocation set-asides for certain buildings (a) Increased credit amounts (1) In general Section 42(d)(5) of the Internal Revenue Code of 1986 is amended by …
Sponsors
- Whitehouse, Sheldon (D) · primary sponsor
- Jack Reed (D, SD-RI)
Latest actions
- : Read twice and referred to the Committee on Finance.
- : Introduced in Senate
Subjects: Taxation
Common questions
- What is SB5625?
- SB5625 is a bill in Congress (119th Congress): Affordable Housing Construction Act.
- What does SB5625 do?
- In its own words: To amend the Internal Revenue Code of 1986 to enhance the low-income housing tax credit, and for other purposes.
- What is the status of SB5625?
- In committee as of September 30, 2026. Latest action: Read twice and referred to the Committee on Finance. (September 30, 2026).
- Who sponsored SB5625?
- Whitehouse, Sheldon (D), with 1 co-sponsor.
- Where is the official record for SB5625?
- On the Congress website: https://www.congress.gov/bill/119th-congress/senate-bill/5625
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.