Supporting Small Affordable Housing Developers Act
Peter Welch (Democrat) · Sponsor of record · Official record ↗
- What it does
- The bill would let small taxpayers in a set of housing-related industries, including real estate lessors, homebuilders, land subdividers, and contractors that stay under a $36 million gross receipts test, exclude from taxable income any federal, state, local, or charitable grants for developing or rehabilitating affordable housing and any cash received from selling transferrable state or local affordable housing tax credits. It would also let those same small taxpayers avoid income tax on discharged federal, state, local, or nonprofit loans used for affordable housing projects, while denying buyers of those transferred tax credits a tax deduction for the price they pay. This bill lets construction firms, including homebuilders, land subdividers, and building finishing contractors with under $36 million in gross receipts, exclude affordable housing grants, cash from selling transferable housing tax credits, and forgiven affordable housing loans from taxable income.
- Where it stands
- S5472 was read twice and referred to the Committee on Finance on September 23, 2026. It now sits at the committee stage, the chamber's most common kill point, where most bills never advance.