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SENATE ECONOMIC RECOVERY INTRODUCED WITHOUT LIHTC PROVISIONS

Friday, January 23, 2009 - 8:00AM

The Senate Finance Committee today unveiled the details of its proposal for an economic recovery package, which includes a five year carryback for general business tax credits but does not include new federal support for the low-income housing tax credit program nor incentives to help the industry raise new investor capital. The Senate Finance Committee is scheduled to hold a hearing on the American Recovery and Reinvestment Act on January 27.

Tune in to the Tax Credit Tuesday podcast on January 27 to hear Michael J. Novogradac, CPA, discuss the latest developments in the ongoing consideration of the Senate and House economic recovery proposals.

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