House Ways and Means Committee Chairman Dave Camp (R-MI) and Ranking Member Sander Levin (D-MI) recently announced the formation of eleven Tax Reform Working Groups. Each of the groups will review current law in its designated issue area and then identify, research and compile feedback related to the topic of the working group.  The Joint Committee on Taxation (JCT) will then prepare a report that summarizes the law under each area and the findings from each working group by April 15, 2013. The Low-Income Housing Tax Credit (LIHTC) and New Markets Tax Credit (NMTC) will be overseen by the Real Estate Working Group, with Representative Sam Johnson (R-TX) as Chair and Representative Bill Pascrell (D-NJ) as Vice Chair.
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