Working Families Housing Tax Credit Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 893 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 893 To amend the Internal Revenue Code of 1986 to provide a credit for working families housing development, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 31, 2025 Mr. Ryan introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide a credit for working families housing development, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Working Families Housing Tax Credit Act''. SEC. 2. SENSE OF CONGRESS RELATING TO THE WORKING FAMILIES HOUSING TAX CREDIT. It is the sense of Congress that-- (1) the working family housing tax credit under section 42A of the Internal Revenue Code of 1986 is a critically important Federal Government policy tool to encourage the production of quality housing for our teachers, firefighters, police officers, veterans, and all hard-working Americans; and (2) Congress should further improve and enhance the working families housing tax credit by passing pro-housing legislation. SEC. 3. WORKING FAMILIES HOUSING TAX CREDIT. (a) In General.--Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 42 the following new section: ``SEC. 42A. WORKING FAMILIES HOUSING CREDIT. ``(a) In Genera