Amendment · S.Amdt. 2429· Senate(119-SAMDT-2429)

S.Amdt. 2429

Age: 69 years

Nevada

Introduced: 6/29/2025
Sponsored by: Jacky Rosen
Cosponsors: None

Changes bill: 119-HR-1 — One Big Beautiful Bill Act

Introduced
Pending Consideration
Failed

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

As folks keeping an eye out for the everyday people, we need to know what our elected officials are trying to change. Ms. Rosen submitted amendment SA 2429, which deals with expanding the low-income housing tax credit and changing the corporate tax rate. It aims to add specific changes to the underlying bill.

What the Amendment Changes

Here is what this amendment actually aims to do based on the text provided:

Expands low-income housing tax credits by including any rural area and any non-metropolitan area as difficult development areas for certain buildings placed in service after December 31, 2025.
Increases the corporate tax rate to a sum of 21 percent of taxable income not exceeding $100,000,000, and 28 percent of taxable income exceeding $100,000,000, starting for taxable years beginning after December 31, 2025.