Michael J. Novogradac, CPA, shares an update on tax extenders; reviews the recently released report from the Tax Reform Subcommittee of the President's Economic Recovery Board; summarizes recently updated guidance released by the Treasury Department regarding recapture under the Section 1602 low-income housing tax credit cash grant program; discusses some upcoming, critical deadlines for new markets tax credit allocates, and a bill being considered in California to create a state NMTC; highlights the Maryland Sustainable Communities Rehabilitation Tax Credit Program; examines a report that details the impact of three major renewable energy subsidies; and closes with tax credit tidbits.