In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, notifies listeners about a bill that would increase low-income housing tax credits, new markets tax credits and historic tax credits for disaster areas; discusses some long-term deficit and national debt projections from the Congressional Budget Office; and alerts listeners to some updates to two of Novogradac & Company’s online mapping tools. In new markets tax credit news, he shares a request for comments from the Internal Revenue Service, a report on the use of new markets tax credits in rural areas and the status of a California new markets tax credit bill. In low-income housing tax credit news, he alerts listeners to a request for comments on Form 8823, checks in on the Housing Trust Fund and announces the opening of the nomination round for the Journal of Tax Credits Developments of Distinction awards. In our renewable energy tax credit news, he shares a recent report that found that renewing the investment and production tax credits would increase renewable energy projects. In our historic tax credit news, he has updates from Wisconsin, where a program moratorium has been partially lifted, and from North Carolina, where the historic preservation and development communities are waiting to hear the fate of the state’s historic tax credits.
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