In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts the podcast off with the general news section, where he provides details about the tax extenders package that was advanced by the Senate Finance Committee last week. He will tell listeners which expired incentives made the cut and when Congress is expected to take up the extenders. He also discusses a bill designed to help victims of natural disasters by expanding the federal lowincome housing tax credit, new markets tax credit and historic tax credit in designated disaster zones. In the low-income housing tax credit (LIHTC) segment, he shares a report from the Government Accountability Office on why it thinks HUD and the IRS should team up to administer the Low-Income Housing Tax Credit program. Then, he talks about some significant changes being proposed to California’s qualified allocation plan. He also shares how listeners can learn more about the options available to LIHTC property owners when their 15-year compliance period ends. In the new markets tax credit (NMTC) section, he discusses an update issued by the CDFI Fund that will help NMTC program participants determine the eligibility of census tracts in U.S. island areas. Then in the historic tax credit section, he reviews what one report says about the economic impact of the federal historic tax credit in Wisconsin. He closes with the renewable energy tax credit section, where he talks about a bill that would allow tribal governments to use the federal renewable energy investment tax credit.