In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he talks about what Treasury Secretary nominee Steven Mnuchin said about tax credits in his written response to questions from members of the Senate Finance Committee. He also has an update on the confirmation of Dr. Ben Carson as Secretary of the Department of Housing and Urban Development. Then he shares news about House Ways and Means Committee member Rep. Lynn Jenkins, R-Kan., and her 'announced plans to retire after the 115th Congress. In low-income housing tax credit news, he discusses an unusual hybrid 4 percent- 9 percent low-income housing tax credit plan proposed by the California Tax Credit Allocation Committee as a response to a disrupted low-income housing tax credit equity market. In new markets tax credit news, he talks about a deadline extension to sign the New Markets Tax Credit Coalition's letter to Congress. And he shares information about a tool that can help qualified active low-income community businesses request new markets tax credits from community development entities. In the historic tax credit section, he gives an overview of some upcoming deadlines for Ohio's next state historic tax credit allocation round. He closes out with the renewable energy tax credit section, where he discusses the Protection of Military Airfields from Wind Turbine Encroachment Act, two companion bills that were introduced to disallow a renewable energy investment tax credit or production tax credit for new wind turbines built near certain military properties.
Activity