Permits multiple transfers of low-income housing tax credits

This bill allows owners of low-income housing tax credits to transfer those credits to other people or entities multiple times, rather than being limited to a single transfer. The changes apply to taxpayers who own interests in eligible low-income buildings and enable transferees to use the credits against their taxes if they meet all requirements. Each transfer must be properly documented and approved by the relevant agency, and it cannot affect the eligibility of the underlying housing project for program benefits. The law takes effect immediately and applies to all low-income housing tax credits allocated before, during, or after the effective date.