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The U.S. Senate today passed legislation that includes free testing for COVID-19 and paid leave benefits for many Americans affected by the pandemic, sending the legislation to President Donald Trump’s desk.
Low-Income Housing Tax Credit and Private Activity Bond Allocation Caps for 2020; Affordable Housing Credit Improvement Act Co-sponsors Update; Energy Extenders Amendment (S. 2657) to the American Energy Innovation Act; Timing of California Debt Limit Allocation Committee and California Tax Credit Allocation Committee Applications; Proposed California NMTC (A.B. 3101); Enacted Wisconsin Opportunity Zones Incentive (A.B. 532).
Four senators introduced bipartisan legislation Jan. 8 that would require that 10 percent of the annual new markets tax credit (NMTC) allocation be made to community development entities (CDEs) for investment in developments in Indian and Native lands. Sens. Lisa Murkowski, R-Alaska; Dan Sullivan, R-Alaska; Brian Schatz, D-Hawaii; and Mazie Hirono, D-Hawaii, introduced the Inspiring Nationally Vibrant Economies Sustaining Tribes Act of 2020, which defines what CDEs must do to meet requirements to receive allocations and provides a definition for Native community development financial institutions.
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