Tax and Accounting

Here is a summary of NMHC’s research and information on Tax and Accounting.

Latest Update: April 4, 2024

The Treasury Department and Internal Revenue Service on March 29 issued guidance regarding the process by which taxpayers can apply for an allocation of environmental justice solar and wind capacity limitation as part of the low-income communities bonus credit program for 2024.

Issue Fact Sheet

2025 Tax Legislation Landscape: At the end of 2025, critical tax provisions enacted in 2017 enacted as part of the Tax Cuts and Jobs Act (TCJA) expire. Learn more about NMHC's viewpoint.

Study Shows Repealing Stepped-Up Basis Would Damage the Economy

A new report released by Ernst & Young finds that repealing the Step-Up in basis tax provision would cause damage to the Gross Domestic Product (GDP) and a significant decrease in job creation.

Issue Fact Sheet

More information on low income housing tax credit, in addition to the NMHC/NAA viewpoint.

Issue Fact Sheet

More information on Middle-Income Housing Tax Credit (MIHTC), in addition to the NMHC/NAA viewpoint.

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Matthew Berger mberger@nmhc.org

Tax and Accounting

Low-Income Communities Bonus Credit Program Updates

Tax Reform Fact Sheet

Featured Study

LIHTC Fact Sheet

MIHTC Fact Sheet

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Advocacy

Resources

Staff Resource

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