The Buzz: Investors receptive to LIHTC carryback proposal
Date Published: 10/01/2009
Author: Buzz Roberts, LISC Senior Vice President
from the October 2009 issue of Novogradac Journal of Tax Credit Housing.
Investments based on low-income housing tax credits (LIHTCs) will continue to decline absent legislation, but a legislative proposal to let investors carry back for as many as five years LIHTCs they cannot use when earned would go a long way toward reviving the investment market, according to a forthcoming study conducted by Ernst & Young (E&Y) and sponsored by Local Initiatives Support Corporation (LISC) and Enterprise Community Partners.
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This article first appeared in the October 2009 issue of the Novogradac Journal of Tax Credit Housing and is reproduced here with
the permission of Novogradac & Company LLP.
© Novogradac & Company LLP 2009 - All Rights Reserved.
Notice pursuant to IRS regulations: Any U.S. federal tax advice contained in this article is not intended to be used, and cannot
be used, by any taxpayer for the purpose of avoiding penalties under the Internal Revenue Code; nor is any such advice
intended to be used to support the promotion or marketing of a transaction. Any advice expressed in this article is limited to
the federal tax issues addressed in it. Additional issues may exist outside the limited scope of any advice provided – any such
advice does not consider or provide a conclusion with respect to any additional issues. Taxpayers contemplating undertaking
a transaction should seek advice based on their particular circumstances.
This editorial material is for informational purposes only and should not be construed otherwise. Advice and interpretation
regarding property compliance or any other material covered in this article can only be obtained from your tax advisor. For
further information visit www.taxcredithousing.com.
Topics: Housing, --Affordable Housing Finance & Development, Policy, --Housing
Type: Trade Article