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Section 1

Citation
Section 1
Parent Document
United States v. Southland Management Corp., 326 F.3d 669 (2002)
Effective Date
2002-05-22
Original Source
https://www.courtlistener.com/opinion/27565/united-states-v-southland-managem... ↗

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461, 461 & nn. 5, 6, 23 & 93-96 (1986) (same).
     Such tax shelters were particularly financially advantageous
prior to the Tax Reform Act of 1986, which restricted the extent
to which investors could use deductions and credits derived from
tax shelters to offset earned income. These reforms also
repealed some of the specific tax incentives applicable to low-
income housing projects. See generally Janet Stearns, The Low-
Income Housing Tax Credit: A Poor Solution to the Housing Crisis,
6 Yale L. & Pol’y Rev. 203, 208-10 (1988) (describing the effects
of the Tax Reform Act of 1986).