March 19, 2010
Yesterday, Senate Finance Committee member Jeff Bingaman (D-NM) introduced the Low Income Housing Tax Credit Recovery Act, S. 3141, to provide a five-year carryback of Housing Credits for existing and future Credit investments, one of NCSHA’s Housing Bond and Credit priorities. Five other Finance Committee members are original cosponsors: John Kerry (D-MA), Maria Cantwell (D-WA), Debbie Stabenow (D-MI), Charles Schumer (D-NY), and Robert Menendez (D-NJ).
This bill may be included in a small business jobs tax bill the Senate Finance Committee plans to develop over the next few weeks. It is not likely to advance as a stand-alone bill.
- Sally Malone's blog
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