3077 -- Affordable Housing Credit Improvement Act of 2019 | Poliscope

Affordable Housing Credit Improvement Act of 2019

3077

116th Congress

Taxation

In Committee

Legislative Progress

✓

Introduced

Committee

Floor Vote

Other Chamber

Enacted

Introduced

June 4, 2019

Latest Action

June 4, 2019

Primary Sponsor

Suzan K. DelBeneDemocratic(WA)

Momentum (last 30 days)

score

0 actions · 0 new cosponsors · 0 votes

Speed vs cohort

0pct

0d open

vs 9,062 other HR bills in the 116th — cohort avg 39d

Summary

Affordable Housing Credit Improvement Act of 2019 This bill revises provisions of the low-income housing tax credit and renames it as the affordable housing credit . The bill increases the per capita dollar amount of the credit and its minimum ceiling amount beginning in 2019 and extends the inflation adjustment for such amounts. The bill modifies tenant income eligibility requirements and the average income formula for determining such income. It also revises rules for student occupancy of rental units and tenant voucher payments and prohibits any refusal to rent to victims of domestic abuse. The bill further modifies the credit to establish a 4% minimum credit rate for certain housing projects, repeal the qualified census tract population cap, prohibit local approval and contribution requirements, increase the credit for certain projects designated to serve extremely low-income households, increase the credit for certain bond-financed projects designated by state agencies, eliminate the basis reduction for properties that receive certain energy-related tax benefits, and increase the population cap for difficult development areas (i.e., areas with high construction, land, and utility costs relative to area median gross income). The bill also includes Indian and rural areas as difficult development areas and modifies other requirements relating to casualty losses, acquisition credits, and foreclosures.

Lobbying filings that explicitly cite this bill (50)

These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.

Filing registrants (36)

AKIN GUMP STRAUSS HAUER FELD (13)BALLARD PARTNERS (6)HOLLAND & KNIGHT LLP (6)THE SMITH-FREE GROUP, LLC (7)DAVIS & HARMAN LLP (8)ALPINE GROUP PARTNERS, LLC. (12)MABRY PUBLIC AFFAIRS LLC (10)SmithBucklin Corporation (6)BRACY TUCKER BROWN & VALANZANO, INC. (4)STRATEGIES 360 (3)

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ARENTFOX SCHIFF LLP

Subjects (33)

Administrative remedies

Alaska Natives and Hawaiians

Alternative and renewable resources

Assault and harassment offenses

Building construction

Business investment and capital

Census and government statistics

Crime victims

Disability and paralysis

Actions (2)

June 4, 2019

Referred to the House Committee on Ways and Means.

June 4, 2019

Introduced in House

Congress.gov source codes: 1000, Intro-H

Committees

Committee	Chamber	Activity	Date
Ways and Means Committee	House	Referred to	June 4, 2019

Text Versions

Version	Date	Links
Introduced in House	June 4, 2019	XML

Cosponsors (232)

Name	Party	State
Abby Finkenauer	Democratic	IA
Adam B. Schiff	Democratic	CA
Adam Kinzinger	Republican	IL

Related Bills (2)

Bill	Congress	Relationship
S 1703	116th	Identical bill
HR 3478	116th	Related bill

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Sources: Congress.gov

REAL ESTATE ROUNDTABLEclient→REAL ESTATE ROUNDTABLE

2024 · fourth_quarter · Housing

Open original LDA filing ↗

Cited source text, amounts, lobbyists, and targets

GSE Reform Bills LIHTC Improvements: Affordable Housing Credit Improvement Act (S. 1703, H.R. 3077); Middle Income Housing Tax Credit Act (S. 3365) Section 8 housing choice voucher reform Yes in My Backyard Act (S. 1919, H.R. 451) Manufactured Housing Modernization Act (S. 1804) GSA disposition of federal properties for housing purposes Housing is Infrastructure Act (H.R. 5187) Building more Housing Near Transit Act (H.R. 4307) CDC eviction ban, mortgage forbearance matters Affordable Housing Issues Office to Multifamily Conversions

Client expense: $1,575,000 · Firm income: Not reported

H.R. 3077

CLIFTON RODGERS jr JEFFREY DEBOER RYAN MCCORMICK mr DUANE DESIDERIO

Government targets: Energy, Dept of, Federal Housing Finance Agency (FHFA), Housing & Urban Development, Dept of (HUD)

REAL ESTATE ROUNDTABLEclient→REAL ESTATE ROUNDTABLE

2024 · third_quarter · Housing

Open original LDA filing ↗

Cited source text, amounts, lobbyists, and targets

GSE Reform Bills LIHTC Improvements: Affordable Housing Credit Improvement Act (S. 1703, H.R. 3077); Middle Income Housing Tax Credit Act (S. 3365) Section 8 housing choice voucher reform Yes in My Backyard Act (S. 1919, H.R. 451) Manufactured Housing Modernization Act (S. 1804) GSA disposition of federal properties for housing purposes Housing is Infrastructure Act (H.R. 5187) Building more Housing Near Transit Act (H.R. 4307) CDC eviction ban, mortgage forbearance matters Affordable Housing Issues Office to Multifamily Conversions

Client expense: $1,607,780 · Firm income: Not reported

H.R. 3077

CLIFTON RODGERS jr JEFFREY DEBOER RYAN MCCORMICK mr DUANE DESIDERIO

Government targets: Energy, Dept of, Federal Housing Finance Agency (FHFA), Housing & Urban Development, Dept of (HUD)

REAL ESTATE ROUNDTABLEclient→REAL ESTATE ROUNDTABLE

2024 · second_quarter · Housing

Open original LDA filing ↗

Cited source text, amounts, lobbyists, and targets

GSE Reform Bills LIHTC Improvements: Affordable Housing Credit Improvement Act (S. 1703, H.R. 3077); Middle Income Housing Tax Credit Act (S. 3365) Section 8 housing choice voucher reform Yes in My Backyard Act (S. 1919, H.R. 451) Manufactured Housing Modernization Act (S. 1804) GSA disposition of federal properties for housing purposes Housing is Infrastructure Act (H.R. 5187) Building more Housing Near Transit Act (H.R. 4307) CDC eviction ban, mortgage forbearance matters Affordable Housing Issues Office to Multifamily Conversions

Client expense: $984,000 · Firm income: Not reported

H.R. 3077

CLIFTON RODGERS jr JEFFREY DEBOER RYAN MCCORMICK mr DUANE DESIDERIO

Government targets: Energy, Dept of, Federal Housing Finance Agency (FHFA), Housing & Urban Development, Dept of (HUD)

REAL ESTATE ROUNDTABLEclient→REAL ESTATE ROUNDTABLE

2024 · first_quarter · Housing

Open original LDA filing ↗

Cited source text, amounts, lobbyists, and targets

GSE Reform Bills LIHTC Improvements: Affordable Housing Credit Improvement Act (S. 1703, H.R. 3077); Middle Income Housing Tax Credit Act (S. 3365) Section 8 housing choice voucher reform Yes in My Backyard Act (S. 1919, H.R. 451) Manufactured Housing Modernization Act (S. 1804) GSA disposition of federal properties for housing purposes Housing is Infrastructure Act (H.R. 5187) Building more Housing Near Transit Act (H.R. 4307) CDC eviction ban, mortgage forbearance matters Affordable Housing Issues Office to Multifamily Conversions

Client expense: $1,070,515 · Firm income: Not reported

H.R. 3077

CLIFTON RODGERS jr JEFFREY DEBOER RYAN MCCORMICK mr DUANE DESIDERIO

Government targets: Energy, Dept of, Federal Housing Finance Agency (FHFA), Housing & Urban Development, Dept of (HUD)

Show 46 more cited filings

REAL ESTATE ROUNDTABLEclient→REAL ESTATE ROUNDTABLE

2023 · fourth_quarter · Housing

Open original LDA filing ↗

Cited source text, amounts, lobbyists, and targets

GSE Reform Bills LIHTC Improvements: Affordable Housing Credit Improvement Act (S. 1703, H.R. 3077); Middle Income Housing Tax Credit Act (S. 3365) Section 8 housing choice voucher reform Yes in My Backyard Act (S. 1919, H.R. 451) Manufactured Housing Modernization Act (S. 1804) GSA disposition of federal properties for housing purposes Housing is Infrastructure Act (H.R. 5187) Building more Housing Near Transit Act (H.R. 4307) CDC eviction ban, mortgage forbearance matters Affordable Housing Issues Office to Multifamily Conversions

Client expense: $859,376 · Firm income: Not reported

H.R. 3077

CLIFTON RODGERS jr JEFFREY DEBOER RYAN MCCORMICK mr DUANE DESIDERIO

Government targets: Energy, Dept of, Federal Housing Finance Agency (FHFA), Housing & Urban Development, Dept of (HUD)

NATIONAL MULTIFAMILY HOUSING COUNCIL, INC.client→NATIONAL MULTIFAMILY HOUSING COUNCIL, INC.

2021 · second_quarter · Taxation/Internal Revenue Code

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Cited source text, amounts, lobbyists, and targets

Taxation of Pass-Through Entities Section 199A Qualified Business Income Tax Deduction: Oppose any reduction to or repeal of the 20-percent deduction for qualified business income under Section 199A, including phasing out the deduction above certain income thresholds. H.R. 1381, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. S. 480, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. Depreciation Rules Implementation of 30-year alternative depreciation system schedule for rental real estate placed in service prior to 2018 for taxpayers electing out of limits on interest deductibility as enacted in Public Law 116-260: Requested that the Treasury Department and the Internal Revenue Service issue guidance permitting an automatic change in the method of accounting for taxpayers that are impacted by the legislative changes made in P.L. 116-260. Also requested that guidance be issued consistent with the relief granted pursuant to Rev. Proc. 2020-22 and Rev. Proc. 2020-23, allowing partnerships subject to the BBA centralized partnership audit regime to file an amended return (Form 1065) and make a late Section 163(j) election and issue amended Schedules K for tax years beginning in 2018 and 2019. Low-Income Housing Tax Credit and Middle-Income Housing Tax Credit H.R. 2573, Affordable Housing Credit Improvement Act of 2021, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 1136, Affordable Housing Credit Improvement Act of 2021, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. H.R. 3077 (116th Congress), Affordable Housing Credit Improvement Act of 2019, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 1703 (116th Congress), Affordable Housing Credit Improvement Act of 2019, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 3365 (115th Congress), Middle-Income Housing Tax Credit Act of 2018, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. Department of the Treasury, Internal Revenue Service, 26 CFR Part 1, REG-119890-18, RIN 1454 BO92, Section 42, Low-Income Housing Credit Average Income Test Regulations Opportunity Zones Opportunity Zones: No bill introduced, but support legislative change reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes. Also, support maintaining current-law capital gains rate applicable to deferred capital gains invested in Opportunity Funds. Rehabilitation Tax Credit H.R. 1483, Revitalizing Economies, Housing, and Businesses Act of 2021 or the REHAB Act of 2021, to amend the Internal Revenue Code of 1986 to modify the rehabilitation credit, all provisions. Adaptive Reuse Discussed potential for tax incentives to spur adaptive reuse of non-residential commercial buildings into multifamily buildings. Energy Tax Incentives H.R. 848, Growing Renewable Energy and Efficiency Now Act of 2021 (GREEN Act of 2021), to amend the Internal Revenue Code of 1986 to provide incentives for renewable energy and energy efficiency, and for other purposes, Section 303: Energy Efficient Commercial Buildings Deduction; Section 304: Extension, Increase, and Modifications of New Energy Efficient Home Credit; and Section 405: Alternative Fuel Refueling Property Credit. H.R 2346, Energy Efficient Qualified Improvement Property Act of 2020, or the E-QUIP Act, to amend the Internal Revenue Code of 1986 to allow 10-year straight line depreciation for energy efficient qualified improvement property, and for other purposes, all provisions. S. 1298, Clean Energy for America Act, to amend the Internal Revenue Code of 1986 to provide tax incentives for increased investment in clean energy: Title II -- Incentives for Clean Transportation, Section 202: Transportation Electrification (portion of provision impacting the alternative fuel vehicle refueling property credit) and Title III -- Incentives for Energy Efficiency, Section 301: Credit for new energy efficient residential buildings and Section 303: Enhancement of energy efficient commercial buildings deduction; and Title VI -- Workforce Development Requirements, Section 601: Use of qualified apprentices. S. 2118, Clean Energy for America Act, to amend the Internal Revenue Code of 1986 to provide tax incentives for increased investment in clean energy: Title III -- Incentives for Energy Efficiency, Section 301: Credit for new energy efficient residential buildings and Section 303: Enhancement of energy efficient commercial buildings deduction; and Title V -- Workforce Development Requirements, Section 501: Use of qualified apprentices. Support long-term extension of New energy efficient home credit (IRC 45L). Support expansion of Energy efficient commercial buildings deduction (IRC 179D) to establish a sliding scale of energy improvements, which would help spur investment in energy efficient improvements in older buildings. Title I of the Energy Efficiency Tax Incentives Act (S. 2189 in the 113th Congress), amending IRC 179D to preserve the deductions application for new construction and public buildings, while also meaningfully incentivizing private-sector investment in building performance retrofits. Assessed efficacy of alternative fuel vehicle refueling property credit (IRC 30C) as it pertains to the multifamily industry. Davis-Bacon Oppose requiring Davis-Bacon for projects authorized as part of any forthcoming infrastructure legislation and to be required to be able to benefit from tax incentives, including energy tax incentives, generally. Infrastructure Support: Expanding the Low-Income Housing Tax Credit (H.R. 2573 / S. 1136), enacting the Middle-Income Housing Tax Credit, enacting the REHAB Act (H.R. 1483), Foreign Investment in Real Property Tax Act (FIRPTA) Repeal, enacting the Efficient Qualified Improvement Property Act of 2020 (E-QUIP) (H.R. 2346), making permanent the Section 45L New energy efficient home credit, and reducing the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes. Biden Tax Proposals Department of the Treasury, General Explanations of the Administration's Fiscal Year 2022 Revenue Proposals, American Families Plan: Increase the Top Marginal Income Tax Rate for High Earners, Reform the Taxation of Capital Income, Rationalize Net Investment Income and Self-Employment Contribution Act Taxes, Tax Carried (Profits) Interests as Ordinary Income, and Repeal Deferral of Gain from Like-Kind Exchanges. Biden Administration, The American Families Plan, tax proposals impacting: tax rates on individual income, capital gains tax rates, carried interest, the Medicare surtax on net investment income, stepped-up basis and taxation of unrealized capital gains at death, like-kind exchanges, and the limitation of excess business losses. Biden campaign tax proposals impacting multifamily housing (tax rates on individual income, capital gains tax rates, value of itemized deductions, elimination of stepped-up basis and taxation of unrealized capital gains at death, elimination of like-kind exchanges, expansion of Low-Income Housing Tax Credit, establishment of renter's tax credit, depreciation of multifamily property, and $15,000 first-time homebuyer tax credit). Like-Kind Exchanges Like-kind exchanges: Support retaining current law. Carried Interest Carried interest: NMHC believes that carried interest should be treated as a long-term capital gain if the underlying asset is held for at least one year. H.R. 1068, Carried Interest Fairness Act of 2021, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities, all provisions. S. 1598, Carried Interest Fairness Act of 2021, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities, all provisions. Stepped-Up Basis at Death and Taxation of Unrealized Capital Gains at Death Support retaining current law providing for stepped-up basis at death and taxation of capital gains upon actual sale. H.R 2286, to amend the Internal Revenue Code of 1986 to treat property transferred by gift or at death as sold for fair market value, and for other purposes, all provisions. Senator Van Hollen Discussion Draft, Sensible Taxation and Equity Promotion Act of 2021, to amend the Internal Revenue Code of 1986 to realize gains from property at the time of death, and for other purposes, all provisions. Foreign Investment in Real Property Tax Act (FIRPTA) H.R. 2210 (116th Congress), Invest in America Act, to amend the Internal Revenue Code of 1986 to repeal certain provisions applicable to foreign investment in United States real property, all provisions. H.R. 3123, Parity for Non-Traded REITs Act, to amend the Internal Revenue Code of 1986 to provide the same treatment to publicly offered, non-traded Real Estate Investment Trusts as is provided to exchange-traded Real Estate Investment Trusts under the Foreign Investment in Real Property Tax Act of 1980, all provisions. Down payment Assistance H.R. 1360, American Dream Down payment Act, to amend the Internal Revenue Code of 1986 to establish qualified down payment savings programs, all provisions.

Client expense: $2,040,000 · Firm income: Not reported

H.R. 3077

CYNTHIA CHETTI DAVID BORSOS EILEEN LEE KEVIN DONNELLY KIMBLE RATLIFF LISA BLACKWELL MATTHEW BERGER PAULA CINO

Government targets: Centers For Disease Control & Prevention (CDC), Consumer Financial Protection Bureau (CFPB), Energy, Dept of, Environmental Protection Agency (EPA), Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Federal Reserve System, Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Postal Service (USPS)