In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news discussion, where he shares what was included in the Senate Finance Committee chairman's tax extender legislation markup and what was left out. In the low-income housing tax credit segment, he outlines a new initiative launched by the U.S. Department of Housing and Urban Development that should come as good news for small affordable housing properties. In new markets tax credit news, he discusses how listeners can provide their questions and comments on programs run by the Community Development Financial Institutions (CDFI) Fund. In the historic tax credit section, he talks about how the state of Massachusetts is working to clarify its state historic tax credit recapture rules. He closes with the renewable energy tax credit section, where he discusses an extension for small wind turbines to meet performance and quality standards for the investment tax credit. He also shares information on a new bill that could create an investment tax credit for offshore wind facilities.
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