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On April 3, the Senate Finance Committee amended and then approved by voice vote tax extender legislation known as the EXPIRE Act. This legislation extends dozens of expiring and expired tax provisions, including those relating to the LIHTC program. It was drafted by Finance Committee Chair Ron Wyden, D. Ore., and Ranking Member Orrin Hatch, R. Utah. The extension is through 2015. And now that the Senate Finance Committee has approved the bill, Wyden may introduce it to the full Senate for debate. The following provisions in the package pertain to the low-income housing industry:
