DASH Act

(a) In general. Clause (v) of section 42(d)(5)(B) of the Internal Revenue Code of 1986 is amended by striking the second sentence.

(b) Technical amendments. Clause (v) of section 42(d)(5)(B) of the Internal Revenue Code of 1986, as amended by subsection (a), is further amended—

(1) by striking State in the heading; and

(2) by striking State housing credit agency and inserting housing credit agency.

(c) Effective date

(1) In general. The amendment made by subsection (a) shall apply to a building if—

(A) any portion of such building is financed by an obligation described in paragraph (2), or

(B) the land on which the building is located is financed by an obligation described in paragraph (2).

(2) Obligation described. An obligation is described in this paragraph if such obligation—

(A) is described in section 42(h)(4)(A) of the Internal Revenue Code of 1986, and

(B) is issued after December 31, 2026.