In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he outlines President Trump’s executive order to create an infrastructure council. Then, he provides listeners with more details on last week’s Senate Finance Committee hearing on tax reform and affordable housing. After that, he talks about Senate Finance Committee Chairman Orrin Hatch’s plan for a tax reform legislation markup after the August recess. Then, he shares the Trump administration appointees who were confirmed by the Senate last week. In low-income housing tax credit news, he discusses a new Notes from Novogradac blog post that discusses the difficult development areas for 2018. Then, he outlines the newly introduced Smoke-Free Affordable Housing Act (H.R. 3322), which would give low-income housing tax credit allocation preference to non-smoking developments. In new markets tax credit news, he reviews a new markets tax credit compliance report commissioned by the CDFI Fund. In historic tax credit news, he shares a state report on the economic effects of the Louisiana state historic tax credit. He closes out with renewable energy tax credit news on Senate Bill 1672, which would create an investment tax credit for offshore window projects.
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