Senate Tax Bill Measure Preserves LIHTC, Private Activity Bonds
Since the publication of the Insider’s Special Issue detailing the House of Representatives’ tax reform bill, the House passed its version of tax reform legislation, the Tax Cuts and Jobs Act, H.R. 1, with a vote of 227 to 205. The Tax Cut and Jobs Act eliminates the tax exemption for private activity bonds, including housing bonds. Thirteen Republicans voted against the bill, along with all of the Democrats casting a vote.