NAHB urges the IRS to allow low-income housing tax credit application and allocation fees to be included in eligible basis to accurately reflect the capital expenditures in calculating the tax credit amount for the property. Should the IRS not allow this, NAHB urges Congress to enact legislation that will make the necessary revision.
Resolution reaffirmed: 06/2012
Resolution reaffirmed: 05/2008
Resolution originally adopted: 10/2004, Resolution Number 10
Committee with primary jurisdiction: Multifamily Council Board of Trustees
View full text of resolution above.