Tax Extenders, Omnibus Legislation Provide Rare Certainty for Tax Credit Community

By Michael J. Novogradac, Washington Wire.

When House and Senate leaders announced their tax extenders and omnibus spending bills in mid-December, the tax credit community got a rare gift: a strong degree of certainty, which was a big change from recent year-end legislation.

Key Tax Credits Extended

After months of talks and weeks of serious negotiations over tax extenders and spending, Congress struck a pair of deals less than two weeks before Christmas that provided rare midterm certitude for several tax credits: