Sec. 13412. Increase in credit for certain rural housing
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/bill/115/hr/1/eas/section-13412·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 42(d)(5)(B) is amended by adding at the end the following new clause: For purposes of clause (i), a building described in subsection (b)(1)(B)(i) which is located in a rural area (as defined in section 520 of the Housing Act of 1949) shall be treated in the same manner as a new building located in a difficult development area which is designated for purposes of this subparagraph. . Section 42(d)(5)(B)(i) is amended by striking 130 percent both places it appears in subclauses
(I)and
(II)and inserting 125 percent . The amendments made by this section shall apply to buildings placed in service after the date of the enactment of this Act.