Time Sensitive Advocacy Opportunity
Congressman Payne Co-sponsors Bill
On November 18, 2014, the Senate Finance Committee’s Subcommittee on Taxation and IRS Oversight held a hearing on disaster tax relief. Senators Casey (D-PA), Schumer (D-NY), Bennett (D-CO) and Roberts (R-KS) all made statements in support of disaster tax relief, some even going so far as to say it should be permanent or automatic.
But Senator Mike Enzi (R-WY) expressed concerns about costs and making sure that the subsidy does not go to those who do not need it.
The witnesses included:
- Andy Berke, Mayor of Chattanooga (TN);
- Robert Loughery, Chairman of the Bucks County Board of Commissioners (PA);
- Vincent Ignizio, New York City Council Member;
- Sean Cronin, Executive Director of St. Vrain and Left Hand Water Conservancy District (CO);
- Steve Ellis, Vice President of Taxpayers for Common Sense; and
- Troy Lewis, Chair of the AICPA Tax Executive Committee (UT).
Two of the witnesses – Andy Berke and Robert Loughery – specifically mentioned the Low-Income Housing Tax Credit as an important tool in disaster recovery.
Rep. Donald Payne (D-NJ-10) is one of the new co-sponsors on the disaster tax relief bills.
Enterprise Community Partners has submitted testimony on the importance of passing disaster tax relief legislation and they encourage others to submit their own testimony as well. It seems unlikely that disaster tax relief will become part of the current tax extenders package, but there is still clearly interest in this effort and it is a good opportunity to make our voices heard.
Statements from the public should be submitted by close of business on December 2, 2014 following the following guidelines:
- Any individual or organization wanting to present their views for inclusion in the hearing record should submit a typewritten, single-spaced statement, not exceeding 10 pages in length. Title and date of the hearing, and the full name and address of the individual or organization must appear on the first page of the statement. Statements must be received no later than two weeks following the conclusion of the hearing.
Statements should be mailed (not faxed) to:
Senate Committee on Finance
Attn. Editorial and Document Section
Dirksen Senate Office Bldg.
Washington, DC 20510-6200
Click here for Enterprise’s testimony.
Click here for video of the November 18 hearing.