Tax and Accounting
Here is a summary of NMHC’s research and information on Tax and Accounting.
Congress Passes One Big Beautiful Bill Act
Congress has just passed the One Big Beautiful Bill Act sending it to President Trump to be signed into law. Significantly beneficial to multifamily housing providers, the Act addresses critical NMHC and NAA priorities of making permanent expiring ordinary income tax rates and the 20-percent deduction for qualified business income, as well as also permanently enhancing the estate tax exclusion amount to $15 million.
Read MoreLow-Income Communities Bonus Credit Program Updates
The Treasury Department and Internal Revenue Service on March 29 issued guidance regarding the process by which taxpayers can apply for an allocation of environmental justice solar and wind capacity limitation as part of the low-income communities bonus credit program for 2024.
LIHTC Fact Sheet
More information on low income housing tax credit, in addition to the NMHC/NAA viewpoint.
Read MoreMIHTC Fact Sheet
More information on Middle-Income Housing Tax Credit (MIHTC), in addition to the NMHC/NAA viewpoint.
Read More- Building Blocks: How Tax Incentives Lay the Foundation for Housing Growth
- Business Interest Deductibility Policy Updates
- What You Need to Know: How the Reconciliation Legislation Could Impact the Multifamily Industry
- FAQs: What the Multifamily Industry Needs to Know About Inflation Reduction Act of 2022 Carried Interest Provisions
- Economic Contribution of IRC Section 1031 Like-Kind Exchanges to the US Economy
