Monthly Archives: February 2012

Highlights of President’s Tax Reform Framework

Posted on February 22, 2012 by

Here are some highlights from the the President’s just released tax reform framework: Reduce the corporate tax rate from 35 percent to 28 percent Eliminate dozens of business tax loopholes and tax expenditures LIFO Accounting Oil & Gas Preferences Insurance … Continue reading →

Posted in Affordable Housing, Energy Tax Credits, Federal Tax Legislation, historic, NMTC | Leave a comment

Highlights of Tax Proposals in the Proposed Fiscal Year 2013 Budget

Posted on February 15, 2012 by

In his proposed budget for fiscal year 2013, President Barack Obama includes several tax provisions of interest to the affordable housing, community development and renewable energy communities. Extend 100 Percent First-Year Depreciation Deduction. Applies to property acquired and placed in … Continue reading →

Posted in Affordable Housing, Energy Tax Credits, Federal Budget, Federal Tax Legislation, NMTC | Leave a comment

Some Highlights From Obama’s FY2013 Budget

Posted on February 11, 2012 by

Select Tax Highlights from the President’s Budget: Extension of the payroll tax cut and unemployment insurance benefits for rest of 2012. Continuing to allow businesses to write-off the full amount of new investments. Project Rebuild, series of policies to help connect Americans looking … Continue reading →

Posted in Affordable Housing, Energy Tax Credits, Federal Budget, Federal Tax Legislation | Leave a comment

Bill Would Increase Number of Restoration Projects and Reward Energy-Efficient Improvements

Posted on February 9, 2012 by

On Monday, February 6, Sen. Ben Cardin introduced bipartisan legislation that would create jobs through the restoration of historic buildings. S. 2074, the Creating Prosperity through Preservation (CAPP) Act of 2012, is cosponsored by Sen. Olympia Snowe. The bill has … Continue reading →

Posted in Federal Tax Legislation, historic | 1 Comment

Carried Interest Proposal Continues to Concern LIHTC Supporters

Posted on February 3, 2012 by

Last month Ways and Means Committee Ranking Member Sander Levin announced he would reintroduce legislation to change the taxation of income from carried interests. He authored similar legislation twice before, in 2007 and 2009. In a statement about his plans, … Continue reading →

Posted in Affordable Housing, Federal Tax Legislation | Leave a comment