Sign Up For Novogradac Industry Alert Emails

SENATE BANKING, HOUSING AND URBAN AFFAIRS COMMITTEE PASSES H.R. 1675

Wednesday, May 16, 2007 - 7:30AM

The Senate Banking, Housing and Urban Affairs Committee today passed H.R. 1675, the Preservation Approval Process Improvement Act of 2007. H.R. 1675, which passed the full House of Representatives on April 24, addresses concerns with the filing process for U.S. Department of Housing and Urban Development (HUD) Form 2530, Previous Participation Certification. The measure would exempt limited liability corporate investors from being required to file Form 2530 and would allow for continued paper filings for those required to file until such time that technical issues with the Active Partners Performance System (APPS) filing system are resolved. There were no objections to the bill, which will now be reported to the Senate floor for a vote. An industry supported sign-on letter can be found online at www.taxcreditcoalition.org

Learn more about Novogradac's expertise and many services