Newly Signed Small Business Act Provides Some Benefits Regarding Credits

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Tax Credit Advisor, November 2010: The Small Business Jobs Act of 2010 (H.R. 5297, P.L. 111-240) signed into law by President Obama on September 27 provides some minor benefits regarding tax credits and real estate.

Congress recessed without taking final action on tax “extenders” legislation. Affordable housing and community development advocates hope lawmakers will pass this in the lame-duck session that begins in mid-November, particularly provisions to extend the low-income housing tax credit (LIHTC) Section 1602 exchange program and to reauthorize the new markets tax credit program. Read More…