In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section and an update on a Senate vote to proceed on healthcare legislation passed by the House. Then, he talks about how a House Budget Committee resolution can set the stage for tax reform. After that, he goes over a recent tax policy subcommittee’s tax reform hearing and what industry groups are advocating in letters to Senate Finance Committee Chairman Orrin Hatch. Then, he briefly discusses last week’s Senate Finance Committee tax reform hearing and the committee’s vote to advance the nomination of David Kautter as Treasury Assistant Secretary for Tax Policy. In low-income housing tax credit news, he shares what HUD Secretary Ben Carson plans to do with the Affirmatively Furthering Fair Housing rule. Then, he lists some of the affordable housing advocacy activities coming up for National Housing Week of Action. In new markets tax credit news, he shares an important reminder about upcoming application deadlines for the CDFI Fund’s Capital Magnet Fund round. He closes out with renewable energy tax credit news, where he discusses the Technologies for Energy Security Act (H.R. 1090), a bill that would extend the investment tax credit for certain orphaned renewable energy technologies.
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