EXTENSION OF MINIMUM LOW-INCOME HOUSING TAX CREDIT RATE FOR NON-FEDERALLY SUBSIDIZED BUILDINGS.

SEC. 131. EXTENSION OF MINIMUM LOW-INCOME HOUSING TAX CREDIT RATE FOR NON-FEDERALLY SUBSIDIZED BUILDINGS. (a) [26 U.S.C. 42] In general.—Section 42(b)(2) is amended by striking “with respect to housing credit dollar amount allocations made before January 1, 2015”. (b) Clerical Amendment.—The heading for section 42(b)(2) is amended by striking “Temporary minimum” and inserting “Minimum”. (c) [26 U.S.C. 42 note] Effective Dates.—The amendments made by this section shall take effect on January 1, 2015.