In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses IRS Notice 2020-53 that provides anticipated COVID-19 relief measures for low-income housing tax credit properties. Then, he talks about the Joint Committee on Taxation’s scoring of provisions in the Moving Forward Act infrastructure legislation, which contains low-income housing tax credit, new markets tax credit, historic tax credit and renewable energy tax credit provisions. Next, he shares an update on the extension of the Paycheck Protection Program. He then discusses highlights from the New Markets Tax Credit Coalition’s annual report on the NMTC. He wraps up with updates about funding for the Rhode Island state historic tax credit and the California low-income housing tax credit.
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