NAHB Calls on Senate to Pass Tax Bill
The National Association of Home Builders (NAHB) called on the Senate on March 11 to move quickly to pass the American Families and Workers Act of 2024, legislation that would expand the federal child tax credit and enact a number of other business- and housing-related provisions.
“In an era of hyper-partisanship, the House voted overwhelmingly to approve this critical bill last month because Republican and Democratic lawmakers recognize it contains a number of provisions to help families, assist small businesses and promote the production of attainable, affordable housing,” said NAHB Chairman Carl Harris, a custom home builder from Wichita, Kan. “The tax-filing season has already started, making it imperative for the Senate to put petty politics aside and do what’s right for the nation by passing this bill now.”
More from NAHB including how the American Families and Workers Act of 2024 helps strengthen the Low-Income Housing Tax Credit (LIHTC), extends the 100% bonus depreciation for businesses with qualifying assets and other benefits.