Tax and Accounting
Here is a summary of NMHC’s research and information on Tax and Accounting.
Low-Income Communities Bonus Credit Program Updates
The Treasury Department and Internal Revenue Service (IRS) on May 31 issued proposed regulations regarding the low-income communities bonus investment credit program enacted as part of the Inflation Reduction Act of 2022. The proposed regulations describes definitions and requirements the Treasury Department and IRS would like to see made applicable to the Program.
NMHC Advocacy In Action
Featured News
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 MoreLIHTC 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- Tax Legislation Outlook: What’s in Store for 2023 and Beyond
- Supreme Court to Hear Case that Could Impact Taxation of Partnerships and S Corporations
- Adaptive Reuse Updates
- Low-Income Communities Bonus Credit Program Updates
- A View From Washington: Government Funding and Tax Policy Will Dominate Fall Congressional Agenda
- Middle-Income Housing Tax Credit (MIHTC) Fact Sheet
- Joint Trades Coalition Letter on 199A Main Street Tax Certainty Act of 2023
- Housing Affordability Coalition Letter Calling for Bipartisan Solutions
- Business Coalition Letter Regarding 199A
- NMHC and NAA Statement for House Committee on Ways and Means Field Hearing on the State of the American Economy: The South
- Stepped-Up Basis and Taxation of Unrealized Capital Gains Fact Sheet
- 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
