Bill · S. 5366· Senate(119-S-5366)
Affordable Housing Credit Carryback Act
- Introduced
- 8/7/2026
- Last activity
- 8/7/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Ruben Gallego
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the "Affordable Housing Credit Carryback Act," aims to amend the Internal Revenue Code of 1986. It specifically targets the low-income housing tax credit. The change would allow for 5-year carrybacks for this specific credit. These amendments would apply to taxable years that begin after the bill is enacted.
Yes
Would households on low incomes be better off under this?+3
The expansion of the low-income housing tax credit may lead to increased availability of affordable housing for low-income households.
Would business owners be better off under this?+2
The carryback provision provides financial flexibility to developers of low-income housing projects.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Low-income housing tax credit flexibility: By allowing 5-year carrybacks, the bill amends the Internal Revenue Code to include the low-income housing tax credit alongside the marginal oil and gas well production credit (Section 2(a)).
Potential Negative Impacts for People
- No negative impacts identified: The provided text does not contain any information regarding potential negative consequences or burdens.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+3Good For Business Owners+2
- 8/7/2026
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Mike RoundsRepublican · South Dakota