In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses a House Ways and Means Committee mark up of several bills that are part of the tax reform package, and potential changes to the generally accepted accounting principles for tax credit investments. In new markets tax credit news, he shares a report from the Wisconsin Housing and Economic Development Authority about how tax credit projects have provided jobs and support to emerging businesses, and discusses a new Mississippi law that requires the state to evaluate the effectiveness of its tax incentive programs. In low-income housing tax credit news, he addresses the cancelation of a mark up of the Johnson-Crapo bill, as well as reveals the results of a Government Accountability Office report on the Rental Assistance Demonstration program. In historic tax credit news, he shares good news about an extension of the Mississippi historic tax credit program and information about an Iowa bill that would improve the use of the state’s historic tax credits. In renewable energy tax credit news, he shares a report about how policy mechanisms are affecting renewable energy production in the United States, and an Iowa bill that would extend the project completion deadline for the state’s energy generation tax credit.
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