Resolved that NAHB urge the Internal Revenue Service (IRS) to allow low-income housing tax credit application and allocation fees to be included in eligible basis in order to accurately reflect the capital expenditures in calculating the tax credit amount for the property.
Further resolved that should the IRS not allow this, NAHB urge Congress to enact legislation that will make the necessary revision.
Resolution originally adopted: 2004.10, Resolution No. 10
Committee with primary jurisdiction:
- Multifamily Council Board of Trustees