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HOUSING TAX CREDIT MODERNIZATION BILL INTRODUCED IN SENATE

Tuesday, February 26, 2008 - 7:45AM

Sen. Maria Cantwell, D-Wash., yesterday introduced S. 2666, a measure to amend the Internal Revenue Code of 1986 to encourage investment in affordable housing that would make several changes to the low-income housing tax credit (LIHTC) including changing its name to the Affordable Housing Tax Credit. Upon introduction, the legislation—commonly referred to as the LIHTC modernization bill—was referred to the Senate Finance Committee.

To learn more, tune in to this week's Tax Credit Tuesday podcast to hear Michael J. Novogradac, CPA, discuss the measure's provisions and its progress in Congress.

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