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Bill Introduced to Clarify Certain LIHTC Expenses

Tuesday, May 6, 2003 - 8:00AM

Rep. Nancy Johnson (R-Conn.) last week introduced a bill to amend §42 the Internal Revenue Code to clarify the eligibility of certain expenses for the low-income housing credit (LIHTC). H.R. 1928 would allow associated development costs to be taken into account when determining the basis of LIHTC buildings. Click here for a copy of H.R. 1928.

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