HomeMy WebLinkAboutMINUTES - 07121988 - 1.108 TO: BOARD OF SUPERVISORS Contra
FROM: Harvey E. Bragdon CVJLQ
Director of Community Development County
DATE: June 22 , 1988 11�
SUBJECT: Extension of Low Income Housing Tax Credit (S. 2411 and H.R. 4678)
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Support 5. 2411 and H.R. 4678 , legislation to extend the sunset date
of the low income housing tax credit, and authorize the Chair to
sign letters to County' s legislative delegation.
FISCAL IMPACT
None
BACKGROUND/REASONS FOR RECOMMENDATIONS
The 1986 Tax Reform Act established a new tax-oriented program to
assist low income housing - the low income housing tax credit. The
credit was authorized only through 1989 . The low income housing
tax credit is only now beginning to be understood and accepted in
the development community. The above referenced bills would extend
the sunset date by one year.
CONTINUED ON ATTACHMENT: YES Si
RECOMMENDATION OF COUNTY ADMINISTRATOR - RECO N OFIBO COMMITTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
cc: Community Development ATTESTED v? I7GOFF
CAO (via Risk Mgmt. ) PH BATCHELOR, CLERK OF
County Counsel TH2 BOARD OF SUPERVISORS
Auditor (c/o Nona) COUNTY ADMINISTRATOR
Contractor BY. , DEPUTY
JK/cg
cd4/extxcrdt.bo