Draft Senate Jobs Bill Includes Refundable Housing Tax Credit, Extension of NMTC, Other Incentives

摘要

A refundable low-income housing tax credit, New Markets tax credit (NMTC) extension, and other housing and development provisions have been included in a draft jobs and tax extender bill released by Senate Finance Committee Chairman Max Baucus (D-Mont.) and ranking member Charles Grassley (R-Iowa).rnThe refundable credit, which was also included in the extender bill (H.R. 4213) passed by the House last year, is the equivalent of a one-year extension of the tax credit exchange program enacted as part of the American Recovery and Reinvestment Act (ARRA).