Bill > HR5529

This bill amends the Internal Revenue Code to modify how income is calculated for low-income housing tax credits and qualified residential rental project bonds by specifically excluding veteran disability compensation or pension payments from income calculations. The legislation, titled the "Fair Housing for Disabled Veterans Act," aims to help veterans qualify for affordable housing by preventing their disability payments from being counted as income when determining eligibility. Specifically, the bill adds a provision that requires the Internal Revenue Service to disregard disability compensation or pension payments made under chapters 11 or 15 of title 38 of the United States Code when assessing an individual's income for housing assistance purposes. The changes will apply to income determinations made after the date of the bill's enactment, which means veterans receiving disability payments will have an easier path to accessing low-income housing programs by effectively lowering their reported income.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/5529/all-info