A bill to amend the Internal Revenue Code of 1986 to enhance the low-income housing tax credit, and for other purposes.
Latest action (30 Sep 2026): Introduced
What this bill does
This bill, S. 5625, introduced by Senator Sheldon Whitehouse, aims to modify the existing Low-Income Housing Tax Credit program. The stated purpose of the bill, as indicated by its title, is to enhance this tax credit. The Internal Revenue Code of 1986, which governs federal tax laws, would be amended by this legislation.
While the specific details of these enhancements are not yet public, the bill's focus on the low-income housing tax credit suggests it would likely affect individuals and entities involved in the development and financing of affordable housing. The purpose of the Low-Income Housing Tax Credit is to incentivize the creation and preservation of affordable rental housing for low-income households.
S. 5625 has been introduced in the 119th Congress and its current status is "Introduced." This means it has been formally presented for consideration. The next steps in the legislative process would typically involve committee review, potential hearings, and votes before it could advance to further consideration by the full Senate and potentially the House of Representatives. The full text of the bill has not yet been published, so its precise provisions are not available for review.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on September 30, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does S. 5625 do?
- This bill, S. 5625, introduced by Senator Sheldon Whitehouse, aims to modify the existing Low-Income Housing Tax Credit program. The stated purpose of the bill, as indicated by its title, is to enhance this tax credit. The Internal Revenue Code of 1986, which governs federal tax laws, would be amended by this legislation. While the specific details of these enhancements are not yet public, the bill's focus on the low-income housing tax credit suggests it would likely affect individuals and entities involved in the development and financing of affordable housing. The purpose of the Low-Income Housing Tax Credit is to incentivize the creation and preservation of affordable rental housing for low-income households. S. 5625 has been introduced in the 119th Congress and its current status is "Introduced." This means it has been formally presented for consideration. The next steps in the legislative process would typically involve committee review, potential hearings, and votes before it could advance to further consideration by the full Senate and potentially the House of Representatives. The full text of the bill has not yet been published, so its precise provisions are not available for review.
- Has S. 5625 become law?
- Not yet. As of 30 Sep 2026, S. 5625 is introduced.
- Who sponsored S. 5625?
- S. 5625 was sponsored by Sen. Sheldon Whitehouse [D-RI] (Democrat-RI), with 0 cosponsors.
- What's the latest action on S. 5625?
- Introduced (30 Sep 2026).
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