In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he talks about progress on a health care bill that could clear more room on the congressional calendar for tax reform, if the bill passes. On the topic of tax reform, he shares what House Speaker Paul Ryan said last week on his expectations of what tax reform will look like and when it can be enacted. He also discusses one of the other major items on the congressional to-do list: raising the debt ceiling. After that, he talks about why some members of Congress are calling for a cancellation of the August recess. Then, he touches briefly on potential timing for banking regulatory reform and housing finance reform. In new markets tax credit news, he shares two updates from the CDFI Fund. One is a reporting deadline extension and the other is a call for applicants to review the 2017 round of the new markets tax credit. In historic tax credit news, he talks about an upcoming change to the timing of when state historic tax credit projects can be certified in Ohio. He closes out with renewable energy tax credit news, where I’ll discuss a potential legislative vehicle that could extend the investment tax credit for orphaned technologies.
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