In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, shares an update on legislation to cut funding for critical affordable housing and community development programs [2:18]. After that, he discusses a Senate committee hearing to consider the nomination of Charles Rettig as the next IRS commissioner [3:41]. Then, he talks about a bill advanced by the Senate Appropriations Committee to provide fiscal year 2019 appropriations for financial services and general government appropriations [5:14], followed by highlights from the annual State of the Nation's Housing report [6:21]. In renewable energy news, he outlines new guidance from the IRS on begin-construction requirements (Notice 2018-59) for the investment tax credit [8:33]. He wraps up this week's episode with a roundup of other industry headlines related to opportunity zones, fair housing and a Massachusetts State Supreme Court ruling on a nonprofit's right of first refusal to purchase a low-income housing tax credit property [9:53].
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