Sign Up For Novogradac Industry Alert Emails

Legislation Would Increase LIHTC Allocations to Disaster Areas

Tuesday, April 15, 2014 - 7:00AM

Last week, a bipartisan group of legislators introduced the National Disaster Tax Relief Act of 2014, which would increase the low-income housing tax credit allocations for each state that include any portion of a federally declared disaster areas in 2012 or 2013. The amount of each state’s increase is proposed as the greater of the amount of $8 multiplied by the state’s disaster-area population or 50 percent of the state housing credit ceiling for 2013. S. 2233 has been referred to the Senate Finance Committee.

Tune in to this afternoon’s Tax Credit Tuesday podcast to learn more about the bill.

Learn more about Novogradac's expertise and many services