Increase in credit for bond-financed projects designated by State agency
Title III — Rules relating to credit eligibility and determination
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(a) In general Clause (v) of section 42(d)(5)(B) of the Internal Revenue Code of 1986 is amended by striking the second sentence. (b) Technical amendment Clause (v) of section 42(d)(5)(B) of the Internal Revenue Code of 1986, as amended by subsection (a), is further amended— (1) by striking State in the heading, and (2) by striking State housing credit agency and inserting housing credit agency. (c) Effective date The amendments made by this section shall apply to buildings that are described in section 42(h)(4)(B) of the Internal Revenue Code of 1986, taking into account only obligations that are part of an issue the issue date of which is after December 31, 2025.