In CommitteeFiled May 22, 2026
Sponsor: Rep. Carey, Mike [R-OH-15] (R)
Latest Action
Referred to the House Committee on Ways and Means.
May 22, 2026
Summary
The bill amends the Internal Revenue Code so that the low‑income housing tax credit can be carried back up to five years. This lets developers and investors recoup the credit against earlier tax liabilities, potentially improving cash flow for affordable‑housing projects. It takes effect for tax years beginning after the law is enacted.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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