In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins the general news discussion with an update on the status of the Senate Finance Committee working groups and when they're scheduled to provide feedback on reforming the tax code. In the low-income housing tax credit segment, he shares the latest news on companion legislation that would create a minimum credit rate for the federal low-income housing tax credit (S. 1193 and H.R. 1142). In new markets tax credit news, he discusses a recent letter that was signed by 55 House members, urging the House Ways and Means Committee to extend the federal new markets tax credit. He also provides information about an upcoming webinar on NMTC exit strategies and information on how listeners can nominate outstanding community development entities for the annual Novogradac Journal of Tax Credits Community Development QLICIs of the Year Awards. Then in the historic tax credit section, he has news about one state historic tax credit program that escaped elimination just a few weeks ago and has since then awarded $27.5 million in credits for preservation projects across the state. He closes out with the renewable energy tax credit section, where he talks about the efforts of two groups to extend the renewable energy production tax credit.
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