In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the federal fiscal year 2014 budget, tax extenders and a request from nearly 30 congressional representatives to hold hearings on poverty in America. In low-income housing tax credit news, he alerts listeners to the release of Accounting Standards Update No. 2014-01, which contains the new guidelines for accounting for low-income housing tax credit investments, and discusses a letter to Sen. Max Baucus from the LIHTC Working Group that addresses his proposed tax reform measures. In historic tax credit news, he shares information about a new Section 106 toolkit from the Advisory Council on Historic Preservation and recaps a Cincinnati event that highlighted the use of Ohio's state historic tax credits. In renewable energy tax credit news, he has an update on Oregon's Business Energy Tax Credit program. In new markets tax credit news, he shares a request from the CDFI Fund for comments about the New Markets Tax Credit program application and information about two new state-level new markets tax credit program bills introduced in Indiana.
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