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WAYS AND MEANS TO CONSIDER SMALL BUSINESS, INFRASTRUCTURE JOB CREATION BILL

Monday, March 15, 2010 - 1:15AM

U.S. House Committee on Ways and Means Chairman Sander M. Levin, D-Mich., today unveiled a discussion draft of the Small Business and Infrastructure Jobs Tax Act, legislation that would provide tax relief to small businesses and extend financing measures to create jobs. Among other things, the bill would make tax-exempt bond-financed properties eligible for the Section 1602 low-income housing tax credit (LIHTC) cash grant exchange program and allow the new markets tax credit (NMTC) to be used to offset the alternative minimum tax (AMT). The Committee on Ways and Means is expected to consider the legislation on Wednesday.

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