Tax and Accounting
Here is a summary of NMHC’s research and information on Tax and Accounting.
NMHC Advocacy In Action
What You Need to Know: Biden Budget Proposes Historic Investment in Housing
President Biden’s FY 2024 budget proposes historic investments in housing, but includes pay-fors targeted at the very industry it’s seeking to support. Many of the tax proposals included as pay-fors in this year’s budget are reappearing after having been unable to clear a Democratically controlled Congress in 2021 and 2022.
Learn more about the Adverse Tax Provisions
Featured News
Breaking Down Barriers to Supply
Appearing as a witness at the Committee’s hearing, titled Tax Policy’s Role In Increasing Affordable Housing Supply for Working Families, NMHC President Sharon Wilson Géno provided lawmakers background on the challenge at hand and how we can tackle it.
Read MoreTax Reform Fact Sheet
Issue Fact Sheet
More information on tax reform, in addition to the NMHC/NAA viewpoint.
Read MoreLIHTC Fact Sheet
Issue Fact Sheet
More information on low income housing tax credit, in addition to the NMHC/NAA viewpoint.
Read MoreMIHTC Fact Sheet
Issue Fact Sheet
More information on Middle-Income Housing Tax Credit (MIHTC), in addition to the NMHC/NAA viewpoint.
Read More- What You Need to Know: Biden Budget Proposes Historic Investment in Housing
- NMHC and NAA to Congress: “America is facing a housing affordability crisis”
- Foreign Investment in Real Property Tax Act (FIRPTA) Rule Updates
- What Apartment Firms Need to Know About the Federal 2023 Spending Bill
- Business Interest Deductibility Policy Updates
- Sharon Wilson Géno Written Testimony on Behalf of the NMHC and NAA to the Senate Committee on Finance Hearing Entitled Tax Policy’s Role in Increasing Affordable Housing Supply for Working Families
- Middle-Income Housing Tax Credit (MIHTC) Fact Sheet
- Low-Income Housing Tax Credit
- IRS Proposed Regulations Real Estate Letter
- Coalition Letter Regarding EBITDA Standard for Business Interest Deductions
- 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
- Report Primer: Economic Contribution of IRC Section 1031 Like-Kind Exchanges to the US Economy