S. 3941Senate109th Congress (2005-2007)In Committee

A bill to amend the Internal Revenue Code of 1986 to fully allow students to live in units eligible for the low-income housing credit, and for other purposes.

Introduced September 26, 2006

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

September 26, 2006

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SenateIntro Referral

Introduced in Senate

September 26, 2006

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S10189-10190)

September 26, 2006

SenateIntro Referral

Read twice and referred to the Committee on Finance.

September 26, 2006

Floor Debate

9 members

What members said about S. 3941 on the floor

4 Republicans5 Democrats
Edward M. Kennedy
Sen. Edward M. KennedyD-MA · Sep 26, 2006

Mr. President, families across America are facing serious challenges in today's global economy. The value of their wages is declining, the cost of living is going up, and many of their jobs are being…

Kay Bailey Hutchison
Sen. Kay Bailey HutchisonR-TX · Sep 26, 2006

Mr. President, several of my colleagues and I have joined with the Senate leadership today in introducing important legislation to address the challenges of innovation and competitiveness that our…

Frank R. Lautenberg
Sen. Frank R. LautenbergD-NJ · Sep 26, 2006

Mr. President, I rise today with great pride to introduce legislation which would create a national park in my hometown, Paterson, NJ. The Paterson Great Falls National Park Act of 2006 would bring…

William H. Frist
Sen. William H. FristR-TN · Sep 26, 2006

Mr. President, I rise today to introduce the National Competitiveness Investment Act of 2006. Unfamiliar as it might sound to some, I am joined by the Democratic Leader, Senator Reid, on this…

Robert Menendez
Sen. Robert MenendezD-NJ · Sep 26, 2006

Mr. President, I rise today to join Senator Lautenberg, and Senators from New York, Illinois and Florida, in support of a one year reauthorization of the Ryan White CARE Act, and to raise my serious…

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Hillary Rodham Clinton
Sen. Hillary Rodham ClintonD-NY · Sep 26, 2006

Mr. President, I rise today to express my strong support for the Ryan White CARE Act. The programs funded through this law have, for more than 15 years, enabled hundreds of thousands of people living…

Rick Santorum
Sen. Rick SantorumR-PA · Sep 26, 2006

Mr. President, I rise today to introduce legislation that will allow families across the country to climb the economic ladder of success without fear of losing their affordable housing. The Low…

Rick Santorum
Sen. Rick SantorumR-PA · Sep 26, 2006

Mr. President, I rise today to introduce legislation that will allow families across the country to climb the economic ladder of success without fear of losing their affordable housing. The Low…

Daniel K. Inouye
Sen. Daniel K. InouyeD-HI · Sep 26, 2006

Mr. President, I am proud to join my colleagues from the Commerce, Energy, and Health, Education, Labor, and Pensions Committees in introducing the National Innovation Investment Act. This bill…

Mike Crapo
Sen. Mike CrapoR-ID · Sep 26, 2006

Mr. President, I want to thank my fellow Banking Committee members for working with me to reauthorize and reform the Export-Import Bank that reflects broad bipartisan agreement among our Committee. I…

Bill Text

Latest available legislative text

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Introduced in SenateIssued September 26, 2006

II

109th CONGRESS

2d Session

S. 3941

IN THE SENATE OF THE UNITED STATES

September 26, 2006

Mr. Santorum introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to fully allow students to live in units eligible for the low-income housing credit, and for other purposes.

1.

Clarification of student housing eligible for low-income housing credit

(a)

In general

Section 42(i)(3)(D) of the Internal Revenue Code of 1986 (relating to certain students not to disqualify unit) is amended by striking all after clause (i) and inserting the following:

(ii)

entirely by full-time students if such students are—

(I)

single parents and their children,

(II)

married and file a joint return, or

(III)

adult students fulfilling the requirements for a secondary school education or secondary education equivalency diploma.

For purposes of determining whether a unit is occupied by a full-time student, an individual under the age of 19 years who attends kindergarten through grade 12 shall not be taken into account.

.

(b)

Effective date

The amendment made by this section shall take effect on the date of the enactment of this Act.