Sign Up For Novogradac Industry Alert Emails

LIHTC Addition to Estate Tax Relief Bill Fails

Friday, July 14, 2000 - 1:45AM

Sens. Rick Santorum (R-Pa.) and Joseph Lieberman (D-Conn.) failed to attach their community renewal initiative as an amendment to the Estate Tax Relief Bill, July 14. The Santorum-Lieberman bill would raise the low-income housing tax credit from the current $1.25 per capita to $1.75 per capita in 2001, with an index to inflation thereafter. It would also raise the private activity bond cap to $75 per resident in 2001 and index subsequent increases to inflation.

Learn more about Novogradac's expertise and many services