Tag: tax extenders

Congress Revives Expired Tax Extenders, Makes Other Key Tax Changes

Filed in Capitol Hill, Sustainability & Green Building by on December 17, 2019 2 Comments
Congress Revives Expired Tax Extenders, Makes Other Key Tax Changes

Congress approves a package of tax changes that include a number of provisions sought by NAHB, including a series of temporary tax provisions known as “tax extenders.”

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Bipartisan Legislation Introduced on Energy Tax Incentives

Filed in Capitol Hill by on October 16, 2019 0 Comments
Bipartisan Legislation Introduced on Energy Tax Incentives

Two NAHB-supported bipartisan bills have been introduced in the House and Senate to update and extend two expired energy tax incentives frequently used by home builders and remodelers. These provisions are part of a broader group of temporary tax incentives, known as tax extenders, that expired at the end of 2017. 

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House Tax-Writing Panel Clears Tax Extenders Legislation

Filed in Capitol Hill by on June 19, 2019 0 Comments
House Tax-Writing Panel Clears Tax Extenders Legislation

On June 20, the House Ways and Means Committee approved H.R. 3301, the Taxpayer Certainty and Disaster Tax Relief Act of 2019.  This legislation would retroactively reinstate and extend many key housing tax provisions through Dec. 31, 2020.

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Bipartisan Tax Extenders Bill Introduced in Senate

Filed in Capitol Hill by on March 1, 2019 10 Comments
Bipartisan Tax Extenders Bill Introduced in Senate

Senate Finance Committee Chairman Charles Grassley (R-Iowa) and Ranking Member Ron Wyden (D-Ore.) have introduced the Tax Extender and Disaster Relief Act of 2019, NAHB-supported legislation that would reinstate and extend key housing tax provisions through Dec. 31, 2019.

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Energy and Home Owner Tax Credits Included in Budget Accord

Filed in Capitol Hill by on February 9, 2018 3 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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