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BINGAMAN BILL WOULD PROVIDE FIVE-YEAR LIHTC CARRYBACK

Friday, March 19, 2010 - 1:15AM

Sen. Jeff Bingaman yesterday introduced legislation aimed at stimulating new affordable housing development by adding incentives to the Low-Income Housing Tax Credit (LIHTC) program. S. 3141, the Low Income Housing Tax Credit Recovery Act of 2010, allows LIHTCs for existing and future investments to be carried back up to five years. Click here for more information about S. 3141

To learn more about the carryback proposal, tune in to the Tax Credit Tuesday podcast on March 23.

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