To amend the Internal Revenue Code to qualify formerly homeless youth who are students for purposes of the low income housing tax credit.

Amends the Internal Revenue Code to qualify low-income building units that provide housing for a student who previously was a homeless child or youth for the low-income housing tax credit.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3076 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 3076

 To amend the Internal Revenue Code to qualify formerly homeless youth 
  who are students for purposes of the low income housing tax credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 3, 2011

 Mr. McDermott (for himself, Mr. Paulsen, Mr. Ellison, and Mr. Tiberi) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code to qualify formerly homeless youth 
  who are students for purposes of the low income housing tax credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. FORMERLY HOMELESS YOUTH WHO ARE STUDENTS QUALIFIED FOR 
              PURPOSES OF LOW INCOME HOUSING TAX CREDIT.

    (a) In General.--Clause (i) of section 42(i)(3)(D) of the Internal 
Revenue Code of 1986 is amended by redesignating subclauses (II) and 
(III) as subclauses (III) and (IV), respectively, and by inserting 
after subclause (I) the following new subclause:
                                    ``(II) a student who previously was 
                                a homeless child or youth (as defined 
                                by section 725 of the McKinney-Vento 
                                Homeless Assistance Act),''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
apply to determinations made before, on, or after the date of the 
enactment of this Act.
                                 <all>