Resolved that NAHB support the enactment of legislation that provides a proportional tax benefit (for example, a tax credit) to help alleviate the exit tax liabilities that cannot be paid by cash generated from the sale of affordable housing properties, or the tax liabilities on the return of the original capital investment reduced by previous cash distributions.
Resolution originally adopted: 2005.1, Resolutions No. 8
Committee with primary jurisdiction:
- Multifamily Council Board of Trustees