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HOUSE PASSES KATRINA HOUSING TAX RELIEF ACT

Wednesday, March 28, 2007 - 7:30AM

The House of Representatives yesterday approved by unanimous vote H.R. 1562, the Katrina Housing Tax Relief Bill of 2007, legislation that extends the placed-in-service deadline for housing developments low-income housing tax credits (LIHTCs) in the Gulf Opportunity (GO) Zone for two years, until December 31, 2010.

This legislation and other topics related to reconstruction in the GO Zone will be the focus of Novogradac & Company LLP’s upcoming GO Zone Forum on May 15-16, 2007 in New Orleans, La.

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