Promoting Submetering for Affordable Housing Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3126 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3126 To amend the Internal Revenue Code of 1986 to increase the low-income housing credit for projects that use water submetering. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 30, 2025 Ms. Tenney 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 increase the low-income housing credit for projects that use water submetering. 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 ``Promoting Submetering for Affordable Housing Act''. SEC. 2. INCREASE IN CREDIT FOR PROJECTS THAT USE WATER SUBMETERING. (a) In General.--Paragraph (5) of section 42(d) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: ``(C) Increase in credit for projects that use wa…