The Internal Revenue Service (IRS) is holding a public hearing on March 24, 2021, about proposed regulations concerning the average income test related to the low-income housing credit. Those who wish to speak at the hearing must submit an outline of their topics by March 5, 2021. The hearing will be conducted via teleconference, and anyone interested in attending or testifying must email the IRS in advance to receive the necessary access details. The public hearing is related to a previous notice of proposed rulemaking published on October 30, 2020.
Simple Explanation
The government is holding a phone meeting where people can talk about rules for making housing more affordable; if someone wants to speak, they must tell the government what they will talk about by March 5, but the rules for choosing who can speak aren't very clear.