Latest action: Referred to the House Committee on Ways and Means.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Allows housing tax credits to be carried back to prior tax years instead of only forward.
The problem
Affordable housing developers face cash flow challenges because tax credits can only reduce future taxes, not past ones owed.
The proposal
Lets developers use affordable housing tax credits to get refunds on taxes paid in previous years, improving immediate cash availability.
The impact
Affordable housing developers gain faster access to cash; federal government receives less tax revenue in near term from refunds.
Housing developers can get immediate money instead of waiting years to use credits. This helps them start new affordable housing projects sooner and pay construction workers faster.
Better cash flow encourages developers to build more affordable units. Communities struggling with housing shortages could see faster development of affordable options.
Quick cash injection helps construction companies hire workers and buy materials. This creates jobs in construction and related industries.
Small and mid-size housing nonprofits often struggle with cash flow. Carryback options level the playing field against larger corporations with more financial reserves.
The government receives less tax money when it refunds past taxes. This reduces federal budget resources available for other programs and services.
Without a bill summary, the total tax revenue impact is unknown. Congress may underestimate how much this will cost taxpayers overall.
Large real estate companies could use carryback rules to get bigger refunds than nonprofits. This might not help the poorest affordable housing developers most.
Adding carryback options makes tax rules more complicated. Smaller organizations may struggle to understand new rules or hire experts to use them.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
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