Tax Credits Have Significant Potential for Infrastructure
One of the top priorities for both President Donald Trump and the 115th Congress includes promoting greater infrastructure spending and investment, and both have suggested a federal infrastructure tax credit (FITC) in some form as a powerful mechanism to do so.
Congress Agrees to Record High Funding for CDFI Fund
Congressional leadership has announced agreement on a $1.07 trillion fiscal year spending bill. According to the House Appropriations Committee release, the bill provides full-year appropriations legislation and funding for the 11 remaining annual appropriations bills through the end of FY 2017 in September.
Preservationists Fear Loss of Tax Credit Under Trump
President Trump is vowing to make the tax code simpler – but historic preservationists and developers in Buffalo fear he will go so far as to wipe out the federal tax credits that have been a central part of the city's revival.
Wind Installations Surge as Developers Race Tax Credit Phaseout
Energy Tax Credits are being phased out all throughout the country which is spurring developers to pursue them before they are gone for good. The loss of these tax credits will impact wind, solar, and renewable energy production as well as energy storage and transmission.
OR's Senator Wyden Proposes ‘Clean Energy for America' Tax Credits
Ron Wyden and his colleagues introduced a Clean Energy for America Act on May 5 that includes technology-neutral tax credits for domestic production of clean electricity and clean transportation fuel, as well as performance-based tax incentives for energy-efficient homes and office buildings.
WHEDA Awards $13.6M in LIHTCs
The Wisconsin Housing and Economic Development Authority (WHEDA) has awarded more than $13.6 million in low-income housing tax credits (LIHTC) statewide. The housing tax credits will help to create 1,367 units of affordable rental housing in 26 developments.
Angel Investor Tax Credit Passes AZ Senate
House Bill 2191, which would add $10 million in new tax-credit funding authority, was sent to the House, where the majority caucus recommended passage. The original bill passed the Senate but stalled in the lower chamber.