New Tax Credits Proposed for Housing and Healthcare: BGOV Tax

Tax Bill Tackles Rental Housing Shortage

Bipartisan members of the House Ways and Means Committee are introducing a tax bill aimed at lowering construction costs and creating stronger incentives to build rental housing.

Reps. Linda T. Sánchez (D-Calif.), Claudia Tenney (R-N.Y.), Jimmy Panetta (D-Calif.), and Darin LaHood (R-Ill.) introduced the Rental Housing Investment Act Thursday, which they say would modernize cost recovery in the tax code and encourage greater private investment in rental housing.

“Our bill removes a real barrier to building more housing to give working families a shot at finding a home they can afford,” Sánchez said ...