Sign Up For Novogradac Industry Alert Emails

Senators Introduce Bill to Raise LIHTC Per Capita Amount

Friday, June 23, 2000 - 1:45AM

Sens. Rick Santorum (R-Pa.) and Joseph Lieberman (D-Conn.) introduced a community renewal bill June 22 that would raise the low-income housing tax credit from the current $1.25 per capita to $1.75 per capita in 2001, with an index to inflation thereafter. Mirroring a measure by House Speaker Dennis Hastert (R-Ill.) and the White House, the $12 billion Santorum-Lieberman bill calls for tax breaks and incentives to spur economic development in low-income communities. To access S.2779 click here.

Learn more about Novogradac's expertise and many services