,,ii  #aacth ,,congress  #ast ,session  
,s4 #addb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #a1    
#bjac ,ms4 ,cantwell 7for herself1 ,mr4 
,roberts1 ,ms4 ,collins1 ,mr4 ,king1    
,mr4 ,cardin1 ,mr4 ,brown1 ,mr4         
,menendez1 ,mr4 ,schumer1 ,mrs4 ,boxer1 
,mr4 ,franken1 ,mrs4 ,gillibrand1 ,mr4  
,harkin1 ,ms4 ,klobuchar1 ,mr4          
,whitehouse1 ,mrs4 ,feinstein1 ,ms4     
,hirono1 ,mr4 ,schatz1 ,ms4 ,warren1    
,mr4 ,blumenthal1 ,mr4 ,markey1 and ,mr4
 ,sanders7 introduced the following     
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to make permanent the minimum 
low-income housing tax credit rate for  
unsubsidized buildings and to provide a 
minimum #d percent credit rate for      
existing buildings4  #a4 ,short title   
,this ,act may be cited as the          
,improving the ,low ,income ,housing    
,tax ,credit ,rate ,act4  #b4 ,extension
 and modification of minimum low-income 

housing tax credit rate for certain     
buildings  7a7 ,permanent extension     
,paragraph 7#b7 of section #db7;b7 of   
the ,internal ,revenue ,code of #aihf is
 amended--  7#a7 by striking ,temporary 
minimum credit rate in the heading and  
inserting ,minimum credit rate1 and     
7#b7 by striking with respect to housing
 credit dollar amount allocations made  
before ,january #a1 #bjad in            
subparagraph 7,a74  7b7 ,minimum #d     
percent credit rate for certain existing
 buildings ,subsection 7b7 of section   
#db of the ,internal ,revenue ,code of  
#aihf is amended--  7#a7 by             
redesignating paragraph 7#c7 as         
paragraph 7#d71 and  7#b7 by inserting  
after paragraph 7#b7 the following new  
paragraph3  7#c7 ,minimum credit rate   
for non-federally subsidized existing   
buildings ,in the case of any existing  
building--  7,a7 which is placed in     
service by the taxpayer after the date  
of the enactment of this paragraph1 and 
7,b7 which is not federally subsidized  

for the taxable year1  the applicable   
percentage shall be not less than #d    
percent4  4  7c7 ,effective date ,the   
amendments made by this section shall   
apply to buildings placed in service    
after the date of the enactment of this 
,act4