Tax Bill Amendment - DO NOT REMOVE THE ARTIST PREFERENCE
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An amendment to the tax bill was passed Saturday by the Senate that included The Robert’s Amendment. This amendment strikes artist housing from the list of qualified groups who can benefit from federally subsidized low-income housing.
If the provision makes its way into the tax bill that moves on to the White House, it would forbid developers from using housing credits to build affordable housing with a preference for artists.
Moreover, as written, the law would also render all existing artists’ housing developments built with housing credits retroactively ineligible for the benefit. The amendment includes a simple line-for-line language swap. Where current law carves out a special exception for individuals “who are involved in artistic or literary activities,” the new bill would instead specify a benefit for those “who are veterans of the Armed Forces.”
While we are also supportive of housing for veterans, we believe both should be included, not one swapped for another. Elimination of this tax credit for artists will have a significant impact on the ability cities have have to protect their cultural community.
We are respectfully asking that you DO NOT REMOVE THE ARTIST PREFERENCE clause of SEC.42(g)(9)(c) Law. We would like to see the artist preference clause kept and the new veterans preference language added to it, making it a stronger and more inclusive piece of legislation.
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