NYHC Seminar: How Tax Reform Might Impact LIHTC
April 3rd, 2014
8:30 - 9:30 am
Continental Breakfast & Networking
9:30 -11:30 am
TAX REFORM Presentation & Discussion
Bank of America Tower
One Bryant Park, New York, NY (map)
The New York Housing Conference was disappointed with the tax reform proposal released in late February by Rep. Dave Camp (R-Mich.), chairman of the House Ways and Means Committee. Most troubling is the proposed repeal of the 4 percent tax credit. The much anticipated bill, if passed, would also terminate private-activity bond authority, thereby eliminating the ability of states and localities to issue tax-exempt bonds to finance affordable housing. On a very positive note, the reform bill did hold intact the Low-Income Housing Credit, although it would repeal the increased basis rule for high-cost and difficult development areas among other revisions.
Please join us for a presentation on the tax reform proposal including the proposed changes to the LIHTC program. We will review the details outlined in the plan and consider their impact on New York State and New York City housing programs. We will discuss current trends in the marketplace and other tax reforms under consideration like the proposed elimination of the historic tax credit. We will also discuss specific action we can take to influence this important conversation in DC. Leading the discussion will be two seasoned tax credit experts from CohnReznick - Bob Moss and Beth Mullen.
This is a critical time for the affordable housing industry. We hope you will join us and be a part of the solution.