The federal tax reform conference report released Friday preserves tax-exempt private activity bonds (PABs), including Housing Bonds, both single-family (and MCCs) and multifamily, according to reports from the Novogradac and the National Council of State Housing Agencies. PAB uses, authority, and carryforward rules are all unchanged as is the low-income housing tax credit program, the organizations reported.
The Senate and House are expected to vote on the final bill this week.