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HOUSE APPROVES JOB BILL WITH 4 PERCENT EXCHANGE PROVISION

Wednesday, March 24, 2010 - 12:15PM

The House of Representatives today approved H.R. 4849, the Small Business and Infrastructure Jobs Tax Act, by a vote of 246-178. The bill includes tax relief for small businesses and financing measures to create jobs. Among other things, the bill would make tax-exempt bond-financed properties eligible for the Section 1602 low-income housing tax credit (LIHTC) cash grant exchange program.

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