In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with updated baseline projections from the Congressional Budget Office and what it expects the federal debt and deficit to look like in the next year and beyond. He will also discuss news about how listeners can contribute to tax reform discussions in Washington. In affordable housing news, he shares an analysis of the 2015 HUD rent and income limits. Then he talks about a report that points out the importance of funding affordable housing that serves extremely lowincome households. He also has a state-level update from Georgia on how the value of lowincome housing tax credit properties will be assessed for property tax purposes. In new markets tax credit news, he provides information on the latest Qualified Equity Investment Issuance Report and why, not surprisingly, the amount of investments finalized in February dropped by nearly 90 percent from the previous month. Then, in historic tax credit news, he addresses a report on the Wisconsin state historic tax credit, which is in danger of being scaled back dramatically. Finally, he closes with the renewable energy tax credit section by discussing the updated and much-anticipated "beginning of construction" guidance for the renewable energy production tax credit and investment tax credit.
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