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EITF Recommends New Exposure Draft for GAAP Changes to Historic Tax Credit Investments

Thursday, November 14, 2013 - 8:00AM

The Financial Accounting Standards Board’s Emerging Issues Task Force (EITF) today voted to issue a new exposure draft of changes to accounting for historic tax credit (HTC) investments, subject to the completion of certain administrative procedures. The EITF will consider the conditions developed for low-income housing tax credits in evaluating HTC investments. EITF said that it wanted to collect more information from stakeholders and staff before making a final decision.

For a more detailed discussion of the meeting, check out the Nov. 19 Tax Credit Tuesday podcast.

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