The Treasury Department and the Internal Revenue Service said that they would waive the tax-credit regulations that prohibit owners of low-income housing providing housing to victims of Hurricane Katrina who don't qualify as "low income."

The agencies said that the measure would expand the availability of housing for disaster victims and their families. The waiver applies to any area in the United States, not just the affected regions.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access