[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10195 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                               H. R. 10195

 To amend the Internal Revenue Code of 1986 to disallow the low-income 
   housing tax credit to taxpayers that have diversity, equity, and 
                         inclusion initiatives.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 21, 2024

 Mr. Good of Virginia (for himself, Mr. Grothman, Mr. DesJarlais, Mr. 
 Burlison, Mr. Babin, and Mr. Weber of Texas) introduced the following 
      bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to disallow the low-income 
   housing tax credit to taxpayers that have diversity, equity, and 
                         inclusion initiatives.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``No Discrimination in Housing Act''.

SEC. 2. LOW-INCOME HOUSING TAX CREDIT DENIED TO ENTITIES THAT HAVE 
              DIVERSITY, EQUITY, AND INCLUSION INITIATIVES.

    (a) In General.--Section 42 of the Internal Revenue Code of 1986 is 
amended by redesignating subsection (n) as subsection (o) and by 
inserting after subsection (m) the following new subsection:
    ``(n) Credit Not Allowed to Taxpayers That Have Diversity, Equity, 
and Inclusion Initiatives.--
            ``(1) In general.--The credit determined under this section 
        shall not be allowed to any entity which has a diversity, 
        equity, and inclusion initiative.
            ``(2) Application to partnerships and s corporations.--In 
        the case of any partnership or S corporation, paragraph (1) 
        shall apply to such partnership or S corporation and at the 
        partner or shareholder level.
            ``(3) Exception for individuals.--Paragraph (1) shall not 
        apply to any individual except that, in the case of a 
        partnership or S corporation, paragraph (1) shall apply at the 
        partnership or S corporation level without regard to whether 
        any allocable, or pro rata, share of such credit would 
        otherwise be allowed to one or more individuals.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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