Senators Max Baucus (D-Mont.) and Charles Grassley (R-Neb.), Chairman and Ranking Member of the Senate Finance Committee have released a draft Jobs Bill.  The $85 billion “˜”˜Hiring Incentives to Restore Employment Act” has not been assigned a bill number yet.  The legislation has several provisions impacting NH&RA members including the following:

  • One year extension of the Section 1602/Exchange Program for LIHTCs
  • One year extension of the New Markets Tax Credit
  • One year extension of the boosted historic tax credit in the Gulf Opportunity Zone
  • Codification of Economic Substance Doctrine

Additional analysis will be provided on our website shortly.

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