Recent News

Monday, February 10, 2020

The White House today released its proposed $4.8 trillion budget for fiscal year (FY) 2021 that includes an $8.6 billion (15 percent) decrease in funding for the U.S. Department of Housing and Urban Development (HUD), with the elimination of the Community Development Block Grant and HOME Investments Partnership programs.

Wednesday, January 29, 2020

House Ways and Means Democrats today released a five-year, $760 billion infrastructure framework. The Moving Forward Framework would expand existing infrastructure tax credits and create new credits to improve infrastructure investment, including investments driven by the new markets tax credit, low-income housing tax credit and historic rehabilitation tax credit. The Ways and Means Committee has a scheduled hearing today at 1:30 p.m.

Tuesday, January 28, 2020

A report by the Joint Committee on Taxation discusses the ability to use private activity bonds (PABs), new markets tax credits (NMTCs) and the opportunity zones incentive to fund infrastructure projects.

Monday, January 27, 2020

A bill introduced in the Kentucky House of Representatives would increase the annual overall and transaction-level state historic tax credit (HTC) ceiling and make properties in rural counties eligible for the maximum percentage. H.B. 325 would increase the annual statewide cap from $5 million to $30 million starting April 30, 2020.

Friday, January 17, 2020

The annual cap for the Illinois state historic tax credit (HTC) would increase to $45 million, under a bill introduced to the state General Assembly. H.B. 4054 would increase the cap from $15 million. The Illinois HTC is for 25 percent of qualified rehabilitation expenses.

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