Michael J. Novogradac, CPA, shares an update on tax extenders; reviews the recently released report from the Tax Reform Subcommittee of the President’s Economic Recovery Board; summarizes recently updated guidancereleased by the Treasury Department regarding recapture under the Section 1602 low-income housing tax credit cash grant program; discusses some upcoming, critical deadlines for new markets tax credit allocates, and a bill beingconsidered in California to create a state NMTC; highlights the Maryland Sustainable Communities Rehabilitation Tax Credit Program; examines a report that details the impact of three major renewable energy subsidies; and closes with tax credit tidbits.
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