Senate Finance Committee Chairman's Mark Preserves PABs, Housing Credit
Late last night, the Senate Finance Committee
released its conceptual
Chairman's Mark, its version of tax reform legislation. We are pleased to share that it preserves both tax-exempt private activity bonds, including single-family and multifamily Housing Bonds, as well as the Low Income Housing Tax Credit. The Committee also released a
revenue estimate on the budgetary impact of the Mark and a
summary of its policy highlights.
More analysis of the bill and updates on the process moving forward will be shared as they are available. We are extremely grateful to all of our coalition partners in Colorado and nationwide who have been advocating for PAB’s preservation. This is a very positive step forward. That said, we cannot take anything for granted. More debate and discussion about tax reform legislation will continue.
We urge all of our partners to stay engaged with the
Colorado Congressional delegation and to continue to make your voices heard.