Proposed changes to federal tax law are in the political discussion as Congress works to advance President Donald Trump's One Big, Beautiful Bill, which includes provisions that touch on low-income housing tax credits (LIHTCs), opportunity zones (OZ) and renewable energy tax credits (RETCs). In this week's episode of the Tax Credit Tuesday podcast, host Michael Novogradac, CPA, and guest Dirk Wallace, CPA, discuss four possible changes to tax law that could increase demand for existing affordable housing and community development tax credits, thereby expanding the pool of investors. Wallace and Novogradac discuss allowing investors to exceed the 75% limit to reduce their tax liability, expanding carryback for up to five years, removing passive-activity limits and allowing the new markets tax credit (NMTC) to offset the alternative minimum tax. Finally, the two discuss an additional potential tax law covering bonus depreciation.