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S. 3941

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to fully allow students to live in units eligible for the low-income housing credit, and for other purposes.
About This Bill
Committee
Latest Action · September 26, 2006
Read twice and referred to the Committee on Finance.
Congress
109th (2005–2007)
Introduced
September 26, 2006
Sponsor
Sen. Rick SantorumR
Cosponsors (0)
None
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Summary

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Amends the Internal Revenue Code to allow certain full-time students to live in housing units eligible for the low-income housing tax credit if they are: (1) single parents with children; (2) married and filing a joint return; or (3) adult students fulfilling the requirements for a high school diploma. Exempts any individual under the age of 19 years who attends kindergarten through grade 12 from classification as a full-time student for purposes of the tax credit.

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