Tax reform

Learn about the new federal tax and regulatory climate at the 2018 LOCUS Leadership Summit

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Tonight, President Trump will deliver his first State of the Union address in which he is expected to highlight the most significant legislative action of his first year in office–the overhaul of the nation’s tax code. The passage of the Tax Cuts and Jobs Act has huge implications for the development of equitable, sustainable, and multimodal communities.

This spring, LOCUS is offering a unique opportunity to learn more about this new federal tax and regulatory climate. Register today for the 2018 LOCUS Leadership Summit: Rebuild America’s Neighborhoods, taking place from April 22 – 24, 2018 in Washington, D.C.

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House vote caps off eventful week for LOCUS’ tax reform efforts

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Today, House Republicans successfully passed H.R.1, the Tax Cuts and Jobs Act, in a 227-205 vote. Thirteen House Republicans joined all Democrats in opposing the once-in-a-generation tax reform legislation. The bill includes major cuts to community development and affordable housing programs.

LOCUS

House tax reform proposal a mixed bag on urban development issues

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House Ways and Means Committee Chairman Dave Camp (R-MI) took the first step toward comprehensive tax reform yesterday and introduced a proposal that would have a mixed impact on communities’ efforts to grow in smart, economically efficient ways. Geoff Anderson, President and CEO of Smart Growth America, and Chris Leinberger, President of LOCUS, issued this joint statement in response:

“Above all, we’re glad Congress is finally tackling comprehensive tax reform. Hundreds of billions are currently spent through the tax code on housing and community development and much of this could be spent better than it is today. For anyone who wants to see these incentives achieve their maximum effect—helping Americans access good affordable housing choices in safe, stable, thriving communities, tax reform is a must.

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