Code · BILL · 117th Congress · S. 2820 (Introduced in Senate) — To provide rental vouchers for the homeless, and for other purposes. · Sec. 201

Sec. 201. Extension of period for rehabilitation expenditures

87 words·~1 min read·/bill/117/s/2820/is/section-201

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Clause

(ii)of section 42(e)(3)(A) of the Internal Revenue Code of 1986 is amended by inserting (any 36-month period, in the case of buildings receiving an allocation of housing credit dollar amount before January 1, 2023) after 24-month period . Subparagraph

(A)of section 42(e)(4) of the Internal Revenue Code of 1986 is amended by inserting (or 36-month period, if applicable) after 24-month period . The amendments made by this section shall apply to buildings receiving an allocation of housing credit dollar amount after December 31, 2017.