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LEGISLATION INTRODUCED TO INCREASE EFFICIENCY OF HISTORIC TAX CREDIT

Wednesday, February 28, 2007 - 7:30AM

On February 14, Sens. Blanche L. Lincoln, D-Ark., Gordon H. Smith, R-Ore., and Mary Landrieu, D-La., introduced S. 584 the Community Restoration and Revitalization Act of 2007, the companion bill to H.R. 1043. The legislation would make improvements to the historic rehabilitation tax credit program to allow it to be used more effectively with the low-income housing tax credit (LIHTC).

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