Latest action: Read twice and referred to the Committee on Finance.
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 businesses to carry back affordable housing tax credits to reduce prior-year tax bills.
The problem
Businesses investing in affordable housing may struggle to use tax credits immediately. Carryback provisions could help them recover taxes paid in earlier years.
The proposal
Permits companies to apply affordable housing tax credits backward to previous tax years instead of only forward to future years.
The impact
Affects real estate developers, affordable housing investors, and taxpayers. Could increase housing development funding and change federal tax revenue collection timing.
Carryback credits make affordable housing projects more financially attractive to investors. Companies can recover past taxes, improving project economics and potentially spurring more development.
Backward credit application lets companies get refunds sooner rather than waiting years. This improves working capital for businesses building or preserving affordable units.
More funding for affordable housing development could help address housing affordability crises in many communities. Increased supply may improve access for lower-income families.
Carryback provisions make affordable housing projects compete better with other investment options. This attracts more private capital to housing that serves lower-income residents.
Allowing carrybacks means the government receives less tax revenue in the current year. This reduces available funds for other federal programs or increases deficits.
Large corporations and wealthy individuals benefit most from tax credits. The policy may disproportionately help rich investors rather than directly serving low-income residents.
Carryback rules require IRS oversight and create administrative complexity. Businesses and tax authorities must track credits across multiple years, increasing compliance costs.
Tax credits alone do not guarantee affordable units get built. Developers might still pursue more profitable projects even with carryback provisions.
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.
Loading map…
Loading...
0 citizens have already voted
Free · No spam · See how your representatives voted
Be the first to weigh in
Your vote starts the conversation
How citizen engagement works
Citizens vote & comment
Public opinion data is aggregated and updated in real time.
Patterns become visible
Representatives can see constituent sentiment broken down by district.
Your voice on the record
Contact your rep directly — one constituent call can shift a staffer's priority list.
Research shows that constituent contacts — especially calls — are among the most effective ways to influence a legislator's position on active bills.
Other bills in this policy area
HR 10730
Healthy Communities Act of 2026
HR 5349
TAS Act
HR 9496
End Tax Penalties on American Hostages Act
HR 997
National Taxpayer Advocate Enhancement Act of 2025
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.
Senate LDA lobbying disclosures
Couldn't load lobbying disclosures right now.