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H.R. 9012119th CongressIn committeeLatest action May 22, 2026Decoded by AI · checked against the record
Official title: Affordable Housing Credit Carryback Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 9012 lets LIHTC holders carry the credit back up to five years to claim refunds on taxes already paid, instead of only forward.
50-second read · 4 questions answered below
HR 9012 changes the carry rules for the Low-Income Housing Tax Credit (LIHTC). Currently, unused credits can only be carried forward to reduce future tax bills. This bill would also allow those credits to be carried back up to five years, letting holders apply them to taxes already paid and potentially receive a refund.
Real estate developers and investors who finance affordable housing projects are the primary people affected. Renters and low-income households are indirectly affected because the LIHTC program is one of the federal government's largest tools for funding affordable apartment construction.
Allowing a five-year carryback would give developers quicker access to cash when they end up with more credits than they can use in a given year. This could influence how many affordable housing units get built, though the bill does not directly change rents, eligibility rules, or housing assistance programs.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Ways and Means.