In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with a discussion of the reports released last week by the Senate Finance Committee’s tax reform working groups. He informs listeners about what was said about the low-income housing tax credit, new markets tax credit, historic tax credit and renewable energy tax credits—and what their mere inclusion in the report signifies. In the low-income housing tax credit segment, he talks about what HUD said last week about affirmatively furthering fair housing and how it affects program participants. He also shares news about an upcoming webinar that will discuss the Supreme Court’s recent ruling on disparate impact and what the consequences are for affordable housing. After that, he discusses what one HUD study found about the effectiveness of housing choice vouchers for homeless families. He will also talk about how listeners can submit nominations for the annual Novogradac Journal of Tax Credits Developments of Distinction Awards. In the new markets tax credit section, he shares how listeners can learn more about how the CDFI Fund’s Bond Guarantee program can be used with the new markets tax credit. In the historic tax credit section, he gives an update from Wisconsin, where the governor has signed a budget that no longer includes a proposed state historic tax credit cap. He closes with the renewable energy tax credit section, where he addresses a new Iowa law that expands its solar energy tax credit cap for the next two years.
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