Tax credit bill would let affordable housing investors claim past-year refunds

Q: What does this do?

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.

In committeeH.R. 9012Latest action May 22, 2026

Sponsor: Mike Carey · Representative · OH

AIDecoded by AI · checked against the record

Read the official text

Official title: Affordable Housing Credit Carryback Act

119th Congress

Topics: Jobs & the economy

Introduced: May 22, 2026

Read the official bill on Congress.gov

In plain words

The plain-language version comes first. 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

What does this do?

HR 9012 changes the carry rules for the Low-Income Housing (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.

Who does it affect?

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.

Why does it matter?

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. Check it against the official text before you act on it.

Read the official bill on Congress.gov

Make the call

Three steps: where you stand, your script, the call.

Where do you stand?

Where does it stand?

IntroducedMay 22, 2026
House committeeYou are here · May 22, 2026
House vote
Senate
The president's desk

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: May 22, 2026 — Referred to the House Committee on Ways and Means.

See how a call works

Share on WhatsApp