In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses President Obama’s upcoming State of the Union Address. He also talks about deadlines that could have major policy and fiscal consequences if Congress doesn’t address them properly. He then shares some news about new tax reform working groups formed by Senate Finance Committee Chairman Orrin Hatch and Ranking Member Ron Wyden. In the low-income housing tax credit section, he addresses occupancy protection guidelines for housing, and a new HUD report that provides an overview of the populations served by the low-income housing tax credit. He also discusses the disparate impact Supreme Court case that could determine what constitutes discrimination under the Fair Housing Act, as well as what Pennsylvania is doing to promote green building through its 2015 qualified allocation plan. In the new markets tax credit segment, he talks about two state bills that could help Minnesota and Indiana compete with neighboring states for NMTC investor dollars. In historic tax credit news, he explains why the state historic tax credit and other programs could be in danger of elimination in Utah. In the renewable energy tax credit section, he shares details regarding the new investment tax credit guidance for small wind energy projects. He wraps things up with praise for solar energy and the investment tax credit from a surprising source.
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