The change could have implications for affordable housing as a whole as well Affordable housing advocates were already scrambling after the House’s tax reform bill included a surprise elimination of the tax-exempt private activity bonds that are used to fund low-income housing units across the country.
But a last-second amendment added to the Senate bill early Saturday morning by Pat Roberts (R-Kan) has put another group’s housing in the tax bill’s crosshairs: artists.
State and local tax deductions, once all but eliminated in earlier versions of the bill, would be expanded to include income tax, but capped at $10,...
The House tax plan cuts bonds that fund affordable housing. The Senate plan keeps them. Private activity bonds are tax exempt and are issued by governments and loaned to private companies to finance housing.
Congressional Republicans unveiled the final version of their tax reform bill on Friday, and while the more-austere housing measures present in the House bill are absent in the one Trump will likely to sign before the end of the yea...
After months of debate, Congress has released a final tax reform bill. The bill eliminates some personal exemptions while increasing the standard deduction.