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H.R. 3540

U.S. House•In House Committee

Summary

H.R. 3540, the Low-Income Housing Tax Credit Elimination Act, was introduced in the House on May 21, 2025 by Rep. Glenn Grothman (R) with 1 co-sponsor. It was referred to Ways And Means, and last saw action on May 21, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 3540 has 1 co-sponsor.

hb3540/introduced-in-house.txt
119 HR 3540 IH: Low-Income Housing Tax Credit Elimination Act
 U.S. House of Representatives
 2025-05-21
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 3540  IN THE HOUSE OF REPRESENTATIVES   May 21, 2025   Mr. 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.
 .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-05-21
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To amend the Internal Revenue Code of 1986 to sunset the low-income housing tax credit, and for other purposes.

Sponsors

Rep. Glenn Grothman (R) sponsors H.R. 3540, and 1 member has co-sponsored it from the day it was introduced.

Committees

H.R. 3540 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · May 21, 2025 · 1,160 Bills

Actions

H.R. 3540 has taken 2 actions since May 21, 2025.

ChamberAction
May 21, 2025
House
Introduced in House
May 21, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 3540 has not gone to a roll call.

Titles

H.R. 3540 goes by 3 titles, 1 of them short titles.

  • Low-Income Housing Tax Credit Elimination Act — Display Title
  • Low-Income Housing Tax Credit Elimination Act — Short Title(s) as Introduced
  • To amend the Internal Revenue Code of 1986 to sunset the low-income housing tax credit, and for other purposes. — Official Title as Introduced

Classification

The Congressional Research Service files H.R. 3540 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 3540’s is Taxation.

hr3540/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com