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.

The bill, "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," was introduced in the 118th Congress on September 24, 2024. The bill aims to exclude veteran disability compensation or pension payments from being considered as income for the low income housing tax credit and qualified residential rental project bonds. No further details on specific provisions or directives are provided in the context.