In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he discusses President Donald Trump's budget request for fiscal year 2018 and how his administration's supplemental fiscal year 2017 request could affect affordable housing and community development programs. He also talks about Trump's recent executive order concerning the Clean Power Plan and how that could affect renewable energy tax credits. In low-income housing tax credit news, he goes over affordable housing highlights featured in a recent newsletter from the Office of the Comptroller of the Currency. Then, he discusses Georgia H.B. 196 that was passed that would change how fair market values of low-income housing tax credit properties are determined. He also talks about Massachusetts' new Community Scale Housing Initiative program to help build and preserve affordable housing. In new markets tax credit news, he outlines Mississippi's recent state new markets tax credit extension. He closes out with the historic tax credit section, where he discusses Virginia's newly enacted state historic tax credit annual cap of $5 million per taxpayer.
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