Senate Finance Committee Chairman’s Mark Preserves PABs, Housing Credit
The Senate Finance Committee just released its conceptual Chairman’s Mark, its version of tax reform legislation. In a major victory for NCSHA, it preserves both tax-exempt private activity bonds, including single-family and multifamily Housing Bonds, as well as the Low Income Housing Tax Credit. The Committee also released a revenue estimate on the budgetary impact of the Mark and a summary of its policy highlights.
NCSHA will continue to analyze the bill and provide further reports on it and the process moving forward.