H.R. 3540 — Introduced in House

I 119th CONGRESS 1st Session H. R. 3540 IN THE HOUSE OF REPRESENTATIVES May 21, 2025Mr. Grothman (for himself and Mr. Gosar) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to sunset the low-income housing tax credit, and for other purposes. 1. Short title This Act may be cited as the Low-Income Housing Tax Credit Elimination Act. 2. Sunset of low-income housing tax credit Section 42 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (o) Sunset No credit shall be determined under subsection (a) with respect to any building placed in service in a taxable year beginning after the date of the enactment of this subsection. .