Low-Income Housing Tax Credit Elimination Act

Hozzl · 2025-06-06T20:51:16Z

Explore the details of House Bill 3540 Low-Income Housing Tax Credit Elimination Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

6/6/2025, 8:51 PM

Summary of Bill HR 3540

The bill H.R. 3540 of the 119th Congress aims to amend the Internal Revenue Code of 1986 by proposing the sunset of the low-income housing tax credit along with other purposes. The bill was introduced on May 21, 2025.

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Current Status of Bill HR 3540

Bill HR 3540 is currently in the status of Bill Introduced since May 21, 2025. Bill HR 3540 was introduced during Congress 119 and was introduced to the House on May 21, 2025. Bill HR 3540's most recent activity was Referred to the House Committee on Ways and Means. as of May 21, 2025

Bipartisan Support of Bill HR 3540

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 3540

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 3540

Low-Income Housing Tax Credit Elimination Act

To amend the Internal Revenue Code of 1986 to sunset the low-income housing tax credit, and for other purposes.

Comments

Noah Patrick

964

1 year ago

I can't believe they want to get rid of the low-income housing tax credit! This is going to hurt so many families who rely on this support to afford a safe place to live. How will this bill impact those who need affordable housing the most?