Senate Finance Committee to Consider Tax Extenders

Tuesday, April 1, 2014 - 7:00AM

The Senate Finance Committee will markup legislation on “tax extenders” on Thursday, April 3. The bill, entitled the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act, addresses a number of tax provisions that have expired or will expire at the end of this year. Among other things, the legislation would extend for two years important affordable housing and community development provisions. The committee also released a summary of the bill’s provisions and a cost estimate.

The legislation would extend the New Markets Tax Credit (NMTC) program for two years, permitting a maximum annual amount of qualified equity investments of $3.5 billion.

For more information, tune in this afternoon to the Tax Credit Tuesday podcast. Additional details may also become available leading up to the hearing, so stay tuned.

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