Sec. 201. Tax-exempt bond financing requirement
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Section 42(h)(4)(B) of the Internal Revenue Code of 1986 is amended to read as follows: For purposes of subparagraph (A), paragraph
(1)shall not apply to any portion of the credit allowable under subsection
(a)with respect to a building if— 50 percent or more of the aggregate basis of any such building and the land on which the building is located is financed by any obligation described in subparagraph (A), or 25 percent or more of the aggregate basis of such building and the land on which the building is located is financed by any obligation which is described in subparagraph
(A)and issued in calendar year 2024, 2025, 2026, 2027, or 2028. . The amendment made by this section shall apply to any building some portion of which, or of the land on which the building is located, is financed by an obligation which is described in section 42(h)(4)(A) and which is part of an issue the issue date of which is after December 31, 2023.