US HB7414

Amends the Internal Revenue Code to require annual reporting to Congress on state-by-state private activity bond usage, including volume caps, carryforwards, and expired allocations

Extends the carryforward period for unused bond authority from the current timeframe to 3 calendar years, and allows issuing authorities to transfer or redesignate carryforwards for qualified mortgage bonds or multifamily housing bonds within the same state

Eliminates the refinancing limitation for mortgage revenue bonds, allowing mortgagors who meet principal residence and income requirements to refinance without triggering acquisition restrictions

Increases the financing limit for qualified home improvement loans from $15,000 to $75,000, with annual inflation adjustments beginning in 2027

Modifies mortgage credit certificate rules by setting credit rates between 1-5%, extending the certificate effectiveness period from 2 to 4 years, and reducing the public notice requirement from 90 to 30 days