Houses OKs LIHTC Exchange Extension

By Donna Kimura

The low-income housing tax credit exchange program took a step closer to being extended for a year.

The House of Representatives passed H.R. 4213, also known as the Tax Extenders Act of 2009.

Introduced by Ways and Means Committee Chairman Charles Rangel (D-N.Y.), the bill would also extend the New Markets Tax Credit for a year. The bill has been sent to the Senate for consideration.

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