To amend the Internal Revenue Code of 1986 to allow 5-year carrybacks for the low-income housing tax credit.

This bill would change the tax code to let businesses carry back unused low-income housing tax credits for up to five years, meaning they could apply those credits to taxes they paid in previous years. The low-income housing tax credit is a tax break related to building or maintaining affordable housing for people with lower incomes. No official summary is available for this bill.

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