Nebraska

QAP Nebraska

NIFA Will Hold a Focus Group Meeting

NIFA will hold a Focus Group Meeting to gather comments in preparation of creating the 2015 Low-Income Housing Tax Credit (LIHTC) package on Thursday, July 31, 2014

Arkansas

State News Week of July 14: Pennsylvania Senate Considers Expanding Affordable Housing Funds

State Senator Elder A. Vogel Jr. (R-47th District) and a bipartisan group of Pennsylvania State Senators sponsored a bill to expand the Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund, commonly known as the State Housing Trust Fund….

Alabama

IRS Sets State Credit Ceilings for 2014

The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014.

Nebraska

2014 Nebraska QAP: Public Comment & Public Hearing

Nebraska Investment Finance Authority announced a public hearing regarding the 2014 QAP on October 8, 2013 at 10:00 am .

Alabama

IRS Announces 2013 Carryover Allocations Totaling $2.46 Million

The Internal Revenue Service (IRS) recently published Revenue Procedure 2013-31, which details the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers allocated for calendar year 2013.

Nebraska

Nebraska 2014 QAP Focus Group

Nebraska Investment Finance Authority (NIFA) will hold a Focus Group Meeting to gather comments in preparation of creating the 2014 Qualified Allocation Plan.

Nebraska

Nebraska State Senator Proposes State Historic Tax Credit

Nebraska State Senator Jeremy Nordquist recently introduced the Nebraska Job Creation and Mainstreet Revitalization Act (LB 191), which would create a state historic rehabilitation tax credit for historic, income-producing properties in Nebraska.

Nebraska

Nebraska Releases Final 2013 QAP, Announces Application Workshop

The Nebraska Investment Finance Authority (NIFA) has released its final version of the state’s 2013 Qualified Allocation Plan (QAP) for the purpose of allocating federal Low Income Housing Tax Credits (LIHTCs).

Alabama

IRS Sets State Tax Credit Ceilings for 2013

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013.

Alabama

IRS Publishes Unused Housing Credit Carryover Amounts

The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.

Nebraska

Nebraska Proposes Historic Tax Credit Legislation

Nebraska State Senator Abbie Cornett (R-District 45) recently introduced the Historic Property Restoration and Reuse Act, L.B. 888, which aims to provide a 25 percent tax credit for for-profit developers and a 30 percent tax credit for nonprofit developers that choose to rehabilitate or restore federal, state, or locally designated historic properties.

Alabama

IRS Issues Notice on Refunding Disaster Relief Bonds

The IRS issued Notice 2012-3 to provide guidance on current refunding issues for outstanding prior bond issues that qualify for tax-exempt bond financing under disaster relief bond programs including Gulf Opportunity Zone Bonds (GO Zone Bonds), qualified Midwestern disaster area bonds and Hurricane Ike disaster area bonds under the Heartland Disaster Act.

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