Section 1. Short title
This Act may be cited as the No Discrimination in Housing Act.
(a) In general
Section 42 of the Internal Revenue Code of 1986 is amended by redesignating subsection (n) as subsection (o) and by inserting after subsection (m) the following new subsection:
(1) In general
The credit determined under this section shall not be allowed to any entity which has a diversity, equity, and inclusion initiative.
(2) Application to partnerships and S corporations
In the case of any partnership or S corporation, paragraph (1) shall apply to such partnership or S corporation and at the partner or shareholder level.
(3) Exception for individuals
Paragraph (1) shall not apply to any individual except that, in the case of a partnership or S corporation, paragraph (1) shall apply at the partnership or S corporation level without regard to whether any allocable, or pro rata, share of such credit would otherwise be allowed to one or more individuals.
(b) Effective date
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.