Federal / Agency News
Happy Holidays from NH&RA!
On behalf of the entire staff at NH&RA, we wish you a happy and healthy Holiday season!
Senators Urge Extension of 1603 Program
A bipartisan group of 26 senators yesterday sent a letter to Senate Majority Leader Harry Reid, Minority Leader Mitch McConnell, Finance Committee Chairman Max Baucus and Finance Committee Ranking Member Charles Grassley urging a two-year extension of the Section 1603 Payments for Specified Energy Property in Lieu of Tax Credits Program during the lame-duck session.
President Obama Signs Small Business Jobs Act
On Monday, September 27, President Obama signed the Small Business Jobs Act of 2010 into law. The legislation passed the House by a 237 to 187 vote; the Senate version of the bill was passed the previous week.
PowerPoints from 2010 Fall Developers Forum Now Available!
NH&RA is pleased to offer the PowerPoint slide presentations for sessions exhibited during the 2010 Fall Developers Forum, October 18 & 19 in Boston, Mass.
Senate Finance Chairman Introduces Revised Extenders Bill
Senate Finance Committee Chairman Max Baucus today introduced a new version of tax extenders legislation (HR 4213). The Job Creation and Tax Cut Act of 2010 includes following provisions from H.R. 4213, the American Jobs and Closing Tax Loopholes Act (also known as the tax extenders bill), including:
All Eyes on Washington: Passage of Legislation to Extend New Markets Program Is Chief Issue for Industry
Tax Credit Advisor ““ November 2010 ““ For the new markets tax credit (NMTC) industry, all eyes are on Washington, wondering whether or when Congress will enact legislation to reauthorize the program, which lapsed on December 31, 2009.
HUD Releases Proposed Regulations Governing Housing Trust Fund
The U.S. Department of Housing and Urban Development has released a proposed rule that submits regulations for governing the Housing Trust Fund, established by HERA in 2008 to provide grants to State governments to increase and preserve the supply of rental housing for extremely low- and very low-income families.
Energy Tax Credit Bill Introduced in Senate
Senate Energy and Natural Resources Committee Chairman Jeff Bingaman (D-NM) and Small Business and Entrepreneurship Committee Ranking Member Olympia J. Snowe (R-ME) recently introduced the Advanced Energy Tax Incentives Act of 2010 (S. 3935).
Congress Approves Stopgap Funding Bill
Before recessing to campaign, Congress approved and President Obama signed a continuing resolution to fund the federal government temporarily, through December 3.
House Financial Services Committee Schedules Hearing on Livable Communities Act
House Financial Services Committee will hold a hearing on September 23 titled “Perspectives on the Livable Communities Act of 2010.”
IRS Issues Guidance on Codification of Economic Substance Provision
The Internal Revenue Service has issued a new notice (Notice 2010-62) that provides interim guidance regarding a provision of the 2010 health care reform law that codified the economic substance doctrine and related amendments to various penalties.
Extenders Legislation Fails To Clear Procedural Vote In Senate
The U.S. Senate failed to clear a critical procedural hurdle on a new compromise version of HR 4213, the American Jobs and Closing Tax Loopholes Act of 2010 (Tax Extenders Legislation) on June 24. It is unclear when the measure will be taken up again. The current version of the measure includes a number of key tax credit provisions…