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SENATE FINANCE COMMITTEE CONSIDERS OPTIONS FOR LIHTC REFORM

Wednesday, May 15, 2013 - 7:00AM

The Senate Finance Committee today released a set of options for reforming the Low-Income Housing Tax Credit (LIHTC) program. The options, listed in a paper, include repealing the LIHTC program, replacing it with an equivalent reduction on rental income, and reforming or expanding the program. The document is the sixth in a series of Senate Finance Committee papers detailing tax reform options. The list is drawn from tax-reform hearing witnesses, bipartisan commissions, tax policy experts and members of Congress. The Senate Finance Committee notes on its web site that the options listed are not necessarily endorsed by either the chairman or ranking member.

To hear more about how this development fits into ongoing tax reform efforts, tune in to the Tax Credit Tuesday podcast on May 21.

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