Federal HB8662 expands Medicaid to cover assisted living services and modifies low-income housing tax credit allocation criteria.

Federal HB8662 amends the Social Security Act to include assisted living services under Medicaid, ensuring that individuals receiving such services in an assisted living residence have costs no greater than those incurred in a hospital or nursing facility. It also modifies the Internal Revenue Code to include projects that reduce long-term care costs by providing services in non-institutional settings as eligible for the low-income housing tax credit. The changes take effect on January 1, 2027.

Federal HB8662 expands Medicaid to cover assisted living services and modifies low-income housing tax credit allocation criteria.

Federal HB8662 amends the Social Security Act to include assisted living services under Medicaid, ensuring that individuals receiving such services in an assisted living residence have costs no greater than those incurred in a hospital or nursing facility. It also modifies the Internal Revenue Code to include projects that reduce long-term care costs by providing services in non-institutional settings as eligible for the low-income housing tax credit. The changes take effect on January 1, 2027.