Us Congress 2023-2024 Regular Session

Us Congress House Bill HB3963

Introduced
6/9/23  

Caption

Visitable Inclusive Tax Credits for Accessible Living (VITAL) Act

Impact

The provisions outlined in HB3963 include increasing state allocations of low-income housing tax credits significantly, aiming to enhance the financial feasibility of construction projects that serve households with disabilities. Specifically, the bill proposes to raise the current limits on tax credits from $1.75 to $4.47 per housing unit, which is poised to facilitate a greater number of disability-accessible units in communities across the country. The Act underscores the necessity for states to adequately utilize federal tax credits to support housing developments that address these urgent needs.

Summary

House Bill 3963, titled the 'Visitable Inclusive Tax Credits for Accessible Living (VITAL) Act', aims to amend the Internal Revenue Code to improve the low-income housing credit. The bill seeks to increase the availability of affordable and accessible housing, particularly for individuals with disabilities and older adults. With a growing aging population, the Act emphasizes the importance of integrating these community members into society by ensuring that housing meets their accessibility needs.

Contention

Discussions surrounding the bill highlight concerns related to funding allocations and the adequacy of resources for supporting such initiatives. Some lawmakers question whether the current infrastructure and financial mechanisms can support the proposed expansion without burdening state resources. Others argue that targeted social assistance for low-income families should accompany tax incentives to ensure that the accessible housing truly serves its purpose and reaches those in need.

Companion Bills

US SB1377

Related Visitable Inclusive Tax credits for Accessible Living (VITAL) Act

US SB3925

Related Boosting Tax Credits for Accessible Housing Act

Similar Bills

US SB1170

Project Safe Childhood Act

US SB1199

Strengthening Transparency and Obligations to Protect Children Suffering from Abuse and Mistreatment Act of 2023 STOP CSAM Act of 2023

US SB1111

ADVANCE Act of 2023 Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act of 2023

US SB25

Assault Weapons Ban of 2023 This bill makes it a crime to knowingly import, sell, manufacture, transfer, or possess a semiautomatic assault weapon (SAW) or large capacity ammunition feeding device (LCAFD). The prohibition does not apply to a firearm that is (1) manually operated by bolt, pump, lever, or slide action, except for certain shotguns; (2) permanently inoperable; (3) an antique; (4) only capable of firing rimfire ammunition; or (5) a rifle or shotgun specifically identified by make and model. The bill also exempts from the prohibition the following, with respect to a SAW or LCAFD: importation, sale, manufacture, transfer, or possession related to certain law enforcement efforts, or authorized tests or experiments; importation, sale, transfer, or possession related to securing nuclear materials; and possession by a retired law enforcement officer. The bill permits continued possession, sale, or transfer of a grandfathered SAW, which must be securely stored. A licensed gun dealer must conduct a background check prior to the sale or transfer of a grandfathered SAW between private parties. The bill permits continued possession of, but prohibits sale or transfer of, a grandfathered LCAFD. Newly manufactured LCAFDs must display serial number identification. Newly manufactured SAWs and LCAFDs must display the date of manufacture. The bill also allows a state or local government to use Edward Byrne Memorial Justice Assistance Grant Program funds to compensate individuals who surrender a SAW or LCAFD under a buy-back program.

US SB1886

Pray Safe Act of 2023

US SB847

International Children with Disabilities Protection Act of 2023

US SB1396

Research Advancing to Market Production for Innovators Act

US SB2043

Department of State Authorization Act of 2023