Enforcement of Three-Year Provision for LIHTC Properties
Resolved that NAHB urge the Internal Revenue Service (IRS) to revise Revenue Ruling 2004-82 to apply its three-year rule provisions only to the period following the end of an extended use agreement, rather than to the entire affordability period of a Low-Income Housing Tax Credit (LIHTC) project.
Further resolved that should the IRS not make this application, NAHB urge Congress to enact legislation to make the necessary revision.
Resolution originally adopted: 2004.10, Resolution No. 11
Committee with primary jurisdiction:
- Multifamily Council Board of Trustees
Leadership and Committees
Leadership and Committees
Resources for Senior Officers, the Leadership Council, Transitional Board, State Reps, NACs and committees.
Councils
Councils
Providing members the opportunity to network and develop policies that benefit their areas of interest.
