Resolution Trust Corporation: Proposed Tax Credit Would Add to Government's Cost of Selling RTC Assets

Pursuant to a congressional request, GAO reviewed whether a tax credit would facilitate the sale of distressed property held by the Resolution Trust Corporation (RTC), focusing on: (1) the cost-effectiveness of a tax credit program that would begin on January 1, 1992, and have a cap of $1 billion; and (2) RTC strategies to dispose of properties by lowering their prices and using other available alternatives.