Tag: tax extenders

Energy and Home Owner Tax Credits Included in Budget Accord

Filed in Capitol Hill by on February 9, 2018 2 Comments
Energy and Home Owner Tax Credits Included in Budget Accord

As part of the Bipartisan Budget Act of 2018, which was signed into law on February 9, Congress retroactively extended a number of expired energy and home owner tax provisions. The tax credits were reinstated on a retroactive basis for 2017 only.

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Outlook Gloomy for Tax Extenders, Including Energy Incentives

Filed in Capitol Hill, Economics by on December 1, 2016 0 Comments
Outlook Gloomy for Tax Extenders, Including Energy Incentives

A number of temporary tax provisions, or tax extenders, are set to expire this month, and it appears unlikely that Congress will renew them. They include energy tax incentives used by builders, as well as home owner tax benefits including the deduction for mortgage insurance premiums.

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Tax Extenders Package Includes Key NAHB Priorities

Tax Extenders Package Includes Key NAHB Priorities

Congressional leaders early this morning released a $650 billion tax package that permanently renews certain NAHB housing tax priorities while providing a two-year retroactive renewal for others through the end of tax year 2016.

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Omnibus Bill: Huge Wins for Affordable Housing

Filed in Capitol Hill, Housing Finance, Multifamily by on December 16, 2015 0 Comments
Omnibus Bill: Huge Wins for Affordable Housing

Shortly after midnight, the House and Senate tax writing committees released the text to a bipartisan agreement on tax extenders. The 2016 Omnibus also showed HOME receiving $950 million, $50 million more than fiscal 2015 appropriations. After threats to significantly cut the program in the Senate, NAHB worked with members of Congress to ensure that HOME stayed intact.

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Senate Panel Approves NAHB Priorities as Part of Tax Extenders Package

Filed in Capitol Hill, Home Building by on July 21, 2015 0 Comments
Senate Panel Approves NAHB Priorities as Part  of Tax Extenders Package

The Senate Finance Committee today voted 23-3 to renew scores of temporary tax provisions known as tax extenders that expired this year, including all those of interest to the housing community. In general, the provisions are granted a two-year retroactive renewal through the end of tax year 2016, dating back to the start of 2015.

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NAHB Delivers in Lackluster Congress

Filed in Capitol Hill by on December 17, 2014 0 Comments
NAHB Delivers in Lackluster Congress

Though the 113th Congress is destined to be the least productive legislative session in 40 years in terms of laws passed, NAHB was able to achieve considerable victories for its members.

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House Approves Tax Extenders Bill

Filed in Capitol Hill by on December 4, 2014 1 Comment
House Approves Tax Extenders Bill

By a wide bipartisan margin, the House last night approved H.R. 5771, the Tax Increase Prevention Act, which will renew scores of temporary tax provisions known as “tax extenders” that expired this year, including several of interest to the housing community. The one-year retroactive renewal is through 2014 and dates back to Jan. 1.

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Senate Pulls Tax Extenders Bill

Filed in Capitol Hill by on May 23, 2014 0 Comments

After beginning deliberations last week on “tax extenders,” temporary tax provisions that are regulatory extended by Congress, further actions by the Senate on the bill has been put off for the foreseeable future.

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Tax Extenders Package Hits Roadblock

Filed in Capitol Hill by on May 19, 2014 0 Comments
Tax Extenders Package Hits Roadblock

The Senate last week turned its attention to “tax extenders,” temporary tax provisions that are regulatory extended by Congress.

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Senate Movement on Tax Extenders: The Beginning of a Lengthy Process

Filed in Capitol Hill, Housing Finance by on April 3, 2014 0 Comments

Senate Finance Committee Chairman Ron Wyden (D-Ore.) has prepared a package that renews and extends a number of temporary tax provisions that expired last year that is traditionally known as tax extenders. However, Wyden has yet to reach an agreement with the committee’s top Republican, Utah Sen. Orrin Hatch, who is seeking to cut back […]

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