Mnuchin Doesn’t Commit to Retaining LIHTC, NMTC, HTC or RETCs

Tuesday, January 24, 2017 - 9:45am

The Senate Finance Committee released its questions for the record answered by Treasury Secretary nominee Steven Mnuchin. Several committee members asked Mnuchin for his commitment to retain in tax reform the low-income housing tax credit (LIHTC), new markets tax credit (NMTC), historic tax credit (HTC) and renewable energy tax credits (RETCs). Mnuchin made no specific commitments but said broadly that he would work with Congress to determine which parts of the tax code should be retained, revised or eliminated. Mnuchin’s nomination will next be considered by the entire Senate.