Affordable Housing Credit Carryback Act

The bill titled "To amend the Internal Revenue Code of 1986 to allow 5-year carrybacks for the low-income housing tax credit," introduced in the 119th Congress on May 22, 2026, aims to make amendments to the Internal Revenue Code of 1986 regarding low-income housing tax credits. The bill most likely proposes to extend the carryback period for such tax credits to five years, potentially allowing for greater flexibility and financial support for low-income housing initiatives. Additional details, provisions, or specific directives within the bill's textLists are not provided in the context.