What This Bill Does · Plain English
Summary
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Action Timeline
2025-05-21
Referred to the House Committee on Ways and Means.
2025-05-21
Introduced in House
2025-05-21
Introduced in House
Frequently Asked Questions
Did HR.3540 pass?
HR.3540 is still alive. Current stage: COMMITTEE. Pass likelihood: pending.
Who sponsored HR.3540?
HR.3540 was sponsored by Glenn Grothman (R-Wisconsin).
Full Bill Text
119 HR 3540 IH: Low-Income Housing Tax Credit Elimination Act U.S. House of Representatives 2025-05-21 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 3540 IN THE HOUSE OF REPRESENTATIVES May 21, 2025 Mr. Grothman (for himself and Mr. Gosar ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to sunset the low-income housing tax credit, and for other purposes. 1. Short title This Act may be cited as the Low-Income Housing Tax Credit Elimination Act . 2. Sunset of low-income housing tax credit Section 42 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (o) Sunset No credit shall be determined under subsection (a) with respect to any building placed in service in a taxable year beginning after the date of the enactment of this subsection. .
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