S. 1515: Affordable Housing Credit Improvement Act of 2025
Sponsor
Todd Young
Republican · IN
What S. 1515 does
To amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes.
Official title of the bill. A Congressional Research Service summary has not been published yet.
S1515 Legislative Journey
Committee Action
Apr 29, 2025
Read twice and referred to the Committee on Finance.
About the Sponsor
Todd Young
Republican, IN · 15 years in Congress
Committees: Small Business and Entrepreneurship, Commerce, Science, and Transportation, Senate Select Committee on Intelligence
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Cosponsors (41)
This bill has 41 cosponsors: 21 Democrats, 20 Republicans, reflecting bipartisan support. Cosponsors represent 27 states: Alaska, Arkansas, Colorado, and 24 more.
Maria Cantwell
Democrat · WA
Marsha Blackburn
Republican · TN
Ron Wyden
Democrat · OR
Bill Cassidy
Republican · LA
Michael Bennet
Democrat · CO
Thomas Tillis
Republican · NC
Mark Warner
Democrat · VA
Roger Marshall
Republican · KS
Sheldon Whitehouse
Democrat · RI
John Boozman
Republican · AR
Maggie Hassan
Democrat · NH
Shelley Capito
Republican · WV
Committee Sponsors
Finance Committee
15 of 27 committee members cosponsored
10 Republicans across this committee haven't cosponsored yet. Mobilize their constituents
What laws does S. 1515 change?
15 changes
Sections Amended
Section 42(g) of such Code
adding at the end the following new subparagraph: ``(F) Treatment of bifurcation in cases of domestic violence
Section 42(g) of Internal Revenue Code of 1986
striking ``or'' at the end of subparagraph (B), by striking the period at the end of subparagraph (C) and inserting ``, or'', and by adding at the end the following new subparagraph: ``(D) who are victims or threatened victims of criminal activity directly relating to domestic violence, dating violence, sexual assault, or stalking
Section 142(d) of Internal Revenue Code of 1986
adding at the end the following new subparagraph: ``(F) Clarification of general public use requirement
Section 42(c) of Internal Revenue Code of 1986
adding at the end the following new subparagraph: ``(F) Qualified basis following casualty loss
Section 42(e) of Internal Revenue Code of 1986
adding at the end the following new subparagraph: ``(C) Certain relocation costs
Section 42(m) of Internal Revenue Code of 1986
adding at the end the following new subparagraph: ``(E) Criteria for determination relating to concerted community revitalization plan
S. 1515 Quick Facts
- Committee
- Finance
- Chamber
- Senate
- Policy
- Taxation
- Introduced
- Apr 29, 2025
Read twice and Referred to Finance. for review
Apr 29, 2025
S. 1515 Bill Text
“To amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes.”
Source: U.S. Government Publishing Office
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