Wednesday, November 8, 2017

Long Term Care Profession Opposes Elimination of Private Activity Bonds in Tax Proposal

AHCA Press Office

Washington, D.C. — The American Health Care Association/National Center for Assisted​ Living (AHCA/NCAL) President and CEO Mark Parkinson today issued the following statement regarding the tax proposal under consideration in the House of Representatives:

“AHCA/NCAL opposes the elimination of private activity bonds, a provision included in H.R. 1, “Tax Cuts and Jobs Act.” Private activity bonds are a critical form of tax-exempt financing which long term care providers utilize to fund new construction, make infrastructure improvements, develop affordable housing and other projects. Should this provision become law, it would severely threaten the ability of providers to make these investments in the future, and would seriously damage operations for long term care providers who deliver critical care for more than one million seniors and people with disabilities.”

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