H.R. 9012 is a bill that seeks to amend the Internal Revenue Code of 1986 to allow a 5-year carryback for the low-income housing tax credit. This means that taxpayers who qualify for this credit would be able to apply any unused portion of the credit to their tax liability from the previous five years, potentially providing them with a refund or reducing their tax burden for those years.
Supporters of H.R. 9012 argue that allowing a 5-year carryback for the low-income housing tax credit would encourage investment in affordable housing. They believe it could provide much-needed financial relief to developers and investors who contribute to low-income housing projects, ultimately benefiting communities by increasing the availability of affordable housing options.
Critics of H.R. 9012 express concern that the bill may lead to a significant loss of tax revenue for the federal government, which could impact funding for other essential services. Some also argue that the carryback provision may primarily benefit larger developers rather than directly aiding low-income individuals in need of housing assistance.
The analysis of H.R. 9012, which seeks to amend the Internal Revenue Code to allow 5-year carrybacks for the low-income housing tax credit, reveals no direct industry overlaps between the bill's subject matter and the sponsor Mike Carey's top donor industries. The lobbying activity related to this bill includes various organizations, but none are directly tied to the low-income housing sector. The total contributions from the identified lobbying groups amount to $160,000, but these funds do not indicate a direct financial interest in the bill's provisions. Therefore, the risk of conflict of interest appears minimal, as there are no apparent financial incentives for the sponsor that would compromise the integrity of the legislation.
Organizations that lobbied on issues related to this bill's policy area.
| Client | Lobbying Firm | Amount |
|---|---|---|
| ZERO TO THREE | ACTUM I, LLC | $60,000 |
| SECURITY INDUSTRY ASSOCIATION | SECURITY INDUSTRY ASSOCIATION | $34,000 |
| NATIONAL ASSOCIATION OF STATE AVIATION OFFICIALS | NATIONAL ASSOCIATION OF STATE AVIATION OFFICIALS | $30,000 |
| SECURITIES INVESTOR PROTECTION CORPORATION | RICH FEUER ANDERSON | $30,000 |
| EARLY EDGE CALIFORNIA | ACTUM I, LLC | $20,000 |
| POWERUS | SAUNDERS GLOBAL DIPLOMACY | $17,500 |
| ALABAMA FAMILIES FOR GREAT SCHOOLS | BRADLEY ARANT BOULT CUMMINGS LLP | $10,000 |
| NATIONAL ASSOCIATION FOR FAMILY CHILD CARE | ACTUM I, LLC | $10,000 |
| MID-TIER ADVOCACY | WASHINGTON PREMIER GROUP | undisclosed |
| SPECIALTY MATERIALS, INC | STRATEGIC MARKETING INNOVATIONS | undisclosed |
| SENECA NATION | SPIRIT ROCK CONSULTING | undisclosed |
| JOHN BRIAN LEDBETTER MISSIONS | JOHN BRIAN LEDBETTER MISSIONS | undisclosed |
| ALLIANCE FOR MEDICARE | THE PICARD GROUP, LLC | undisclosed |
| GULF PORTS ASSN | PAT YOUNGER | undisclosed |
| FUTURE DEFENSE USA, INC. | DENNIS CARDOZA CONSULTING SERVICES | undisclosed |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding Mike Carey, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
