Taxpayers could use low-income housing tax credits against five earlier years of taxes, starting with tax years beginning after the bill becomes law.
Taxpayers could use low-income housing tax credits against taxes from the previous five years. This would apply to tax years beginning after the bill becomes law.
Taxpayers could apply low-income housing tax credits against taxes from the previous five years. The provision covers taxpayers claiming the low-income housing tax credit under section 42 of the federal tax code. The bill would need to become law before this rule could apply. The rule would apply to tax years beginning after the date the bill becomes law.
No hearings or votes scheduled.