S. 3141 · 111th Congress
Low Income Housing Tax Credit Recovery Act of 2010
- Stage
- In committee
- Sponsor
- Jeff Bingaman
- Introduced
- 2010-03-18
- Latest action
- 2010-03-18 · Introduced in Senate
Summary
Low Income Housing Tax Credit Recovery Act of 2010 - Amends the Internal Revenue Code, with respect to the low-income housing tax credit, to allow: (1) a five-year carryback period for unused tax credit amounts; (2) an extended carryback period for new investments in housing in 2010 and 2011; and (3) a full offset of such credit against regular income tax liability.