In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, talks about how Ways and Means Committee Democrats are proposing a tax-extenders package. He also discusses the IRS updating its Opportunity Zones Frequently Asked Questions page to address Section 1231 gains invested in 2018 [2:25]. He then moves on to the effort by Senate Democrats to extend the renewable energy investment tax credit [8:02]. Next, he talks about a report on the persistent gap between renters' wages and the cost of rental housing [9:07]. After that, he outlines a proposal to create a new single-family housing tax credit [11:07]. He closes out with the latest qualified equity investment issuance report from the CDFI Fund, and some news from Michigan and West Virginia and how proposed legislation could increase opportunity zones investments in those states [13:16].
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