Baucus Unveils New Tax Bill with Refundable Housing Credit, NMTC Extension, Housing Trust Fund Money

摘要

Senate Finance Committee Chairman Max Baucus (D-Mont.) has released a new tax extender bill that includes the key housing and development provisions of his earlier legislation, including a refundable low-income housing tax credit, funding for the affordable housing trust fund, and an extension of the New Markets tax credit (NMTC) program.rnThe bill would also tax income from carried interests in investment partnerships, including real estate partnerships, at ordinary income rates, even if the underlying income is capital gain.