In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA starts off by summarizing the first orders of business for the new Congress and how an expected House rule change could affect tax credit legislation in the current session. In the low-income housing tax credit section, he discusses an update on the progress of HUD's Rental Assistance Demonstration program. He also shares a memo from HUD concerning marijuana use in subsidized multifamily housing properties. He closes the section with state-level news from Iowa, where a new Workforce Housing Tax Incentives program will be administered. In the new markets tax credit segment, he talks about some updates that the Community Development Financial Institutions Fund issued on its frequently asked questions document on new markets tax credit compliance. In the historic tax credit section, he shares news about an Oregon state bill that is expected to be introduced next month to create a state historic tax credit program. In the renewable energy tax credit section, addresses why a renewable energy leader thinks 2015 could be a big year for U.S. renewable energy policy. Finally, he discusses an open letter sent by environmental groups, urging their Montana congressional delegation to extend the renewable energy production tax credit and investment tax credit.
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