Tax Cuts and Jobs Act, Tax Credits, Low Income Housing

The One Big Beautiful Bill Becomes Law: Key Real Estate Tax Changes

Jones Day on 7/17/2025

Signed into law on July 4, 2025, the One Big Beautiful Bill Act (the "Act") permanently extends and modifies several cornerstone provisions of the Tax Cuts and Jobs Act of 2017, restores key business incentives, and makes...more

Tax Impact of the OBBBA: What the New Budget Law Means for Housing and Real Estate

Ballard Spahr LLP on 7/15/2025

President Trump’s budget permanently extends numerous provisions of the Internal Revenue Code from the Tax Cuts and Jobs Act (TCJA) of 2017 scheduled to expire at the end of 2025 and includes several changes that will have...more

Congress considers TCJA extenders and Taiwan tax relief

Eversheds Sutherland (US) LLP on 1/31/2024

In mid-January, the House introduced the Tax Relief for American Families and Workers Act (Act). The Joint Committee of Taxation has released its explanation of the Act, and the House Ways and means Committee has released a...more

Treasury Releases Average Income Set-Aside Proposed Regulations

Miles & Stockbridge P.C. on 11/11/2020

In 2017, the Tax Cuts and Jobs Act (the “Act”) added a third minimum set-aside option to qualify a project as a qualified low-income project pursuant to Code Section 42(g)(1)(C) - the Average Income Set-Aside. The Average...more

Weekly IRS Roundup September 14 – September 18, 2020

McDermott Will & Schulte on 9/22/2020

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of September 14, 2020 – September 18, 2020... September 14, 2020: The IRS published final...more

Weekly IRS Roundup February 25 – March 1, 2019

McDermott Will & Schulte on 3/4/2019

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 25 – March 1, 2019. February 25, 2019: The IRS issued Revenue Ruling 2019-05,...more

Impacts of the Omnibus Spending Plan on the Affordable Housing Industry

Pillsbury Winthrop Shaw Pittman LLP on 5/8/2018

Trump’s Omnibus Spending Plan adopts two key provisions from the proposed Affordable Housing Credit Improvement Act that will strengthen and expand low-income housing credit. 2018 spending plan increases housing credit...more

Tax Cuts and Jobs Act › Tax Credits › Low Income Housing