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Impact of Tax Exempt Bonds on NYS

Policy Updates

  • TAX REFORM IS CERTAIN TO WEAKEN LIHTC BUT FATE OF PRIVATE ACTIVITY BONDS REMAINS UNCLEAR On Dec. 2, the Senate passed the Tax Cuts and Jobs Act. Like the House Bill, it lowers the corporate tax rate from 35% to 20%, which reduces Low Income Housing Tax Credit prices by about 15%. It is expected that this […] Read More
  • The House tax bill passed yesterday by a vote of 227 – 205, with Rep. Reed, Rep. Tenney, Rep. Katko, and Rep. Collins voting for it in New York. The House tax reform bill eliminates Private Activity Bonds, critical to affordable housing financing.  All hope is not yet lost as the Senate bill, which was voted out […] Read More
  • The Senate Finance Committee released their tax reform proposal yesterday. Private Activity Bonds,  which generate 4% Low Income Housing Tax Credits, are retained!  With support in the Senate, there is now a chance the program will be preserved as tax reform moves forward. Republicans are extremely motivated to move tax reform forward quickly.  The Senate and […] Read More

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