The U.S. Senate is considering rewriting the tax code which could eliminate housing tax incentives and thereby negatively affect all home residential construction businesses as well as home values, taxes, and the economy in general. The mortgage interest deduction and the Low Income Housing Tax Credit could both be at stake, as could the capital gains exclusion for home sales. The NAHB tells MHProNews the importance of contacting your Senator to preserve these incentives without which the housing industry and homeowners could suffer serious harm. To contact your Senator, please click here.

(Image credit: National Association of Home Builders)