Referred to the House Committee on Ways and Means.
This bill amends the Internal Revenue Code to increase the eligible basis used to calculate the low-income housing tax credit (LIHTC) by 5 percent for buildings that use water submeters. The rule applies to buildings with four or more units that bill each unit separately and provide tenants access to read submeters within 72 hours of request, including in landlord-controlled areas.
Liberal worries about tenant cost-shifting; conservatives emphasize market pricing benefits.
Relative to its intended legislative type, this bill is a targeted substantive amendment to the Low-Income Housing Tax Credit rules that concisely defines beneficiary conditions and the credit increase.
This bill amends the Internal Revenue Code to increase the eligible basis used to calculate the low-income housing tax credit (LIHTC) by 5 percent for buildings that use water submeters.
The rule applies to buildings with four or more units that bill each unit separately and provide tenants access to read submeters within 72 hours of request, including in landlord-controlled areas.
The increase applies to buildings receiving LIHTC allocations or first taken into account under section 146 after enactment.
Low-controversy, narrow tax incentive improves passability, but requires committee buy-in and must be packaged or offset in broader legislation.
Relative to its intended legislative type, this bill is a targeted substantive amendment to the Low-Income Housing Tax Credit rules that concisely defines beneficiary conditions and the credit increase. It integrates into the existing statutory framework but leaves several implementation, definitional, fiscal, and oversight details unspecified.
Liberal worries about tenant cost-shifting; conservatives emphasize market pricing benefits.
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberal worries about tenant cost-shifting; conservatives emphasize market pricing benefits.
Likely cautiously supportive of incentives for conservation but concerned about tenant cost-shifting.
Would welcome LIHTC support if paired with tenant protections and affordability safeguards.
May push for rules preventing unexpected bill increases or disconnections and for transparency in billing.
Views the bill as a modest, targeted tax-incentive to encourage efficient water billing and conservation.
Sees it as a low-cost policy nudge but wants clear implementation guidance to prevent tenant harm and ensure fiscal accountability.
Likely to support with minimal but specific safeguards.
Generally supportive because it uses a market-based incentive rather than new regulation to encourage conservation.
Sees the change as a modest, pro-efficiency tweak to tax policy that preserves developer flexibility.
Concerned only about expanding credits broadly without clear sunset or limits.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Low-controversy, narrow tax incentive improves passability, but requires committee buy-in and must be packaged or offset in broader legislation.
The bill has not accumulated any surfaced votes yet.
Liberal worries about tenant cost-shifting; conservatives emphasize market pricing benefits.
Low-controversy, narrow tax incentive improves passability, but requires committee buy-in and must be packaged or offset in broader legisla…
Relative to its intended legislative type, this bill is a targeted substantive amendment to the Low-Income Housing Tax Credit rules that concisely defines beneficiary conditions and the credit increase. It integrates in…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.