Section 1 Refundable credit for landlords of veterans receiving rental assistance under the Veterans Affairs Supported Housing program
In general— Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 36B the following new section:
“36C. Landlords of veterans receiving rental assistance under the Veterans Affairs Supported Housing program
“In the case of a person who is an owner of a dwelling unit that is occupied by a veteran on whose behalf rental assistance is provided under section 8(o)(19) of the United States Housing Act of 1937, there shall be allowed as a credit against the tax imposed by this subtitle for the taxable year an amount equal to 10 percent of the amount of such rental assistance received by such person for such taxable year.”
Conforming amendments—
Section 6211(b)(4)(A) of such Code is amended by inserting “36C,” after “36B,”.
Section 1324(b)(2) of title 31, United States Code, is amended by inserting “36C,” after “36B,”.
The table of sections for subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 36B the following new item:
Effective date— The amendments made by this section shall apply to taxable years ending after the date of the enactment of this Act.