In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the Republican House and Senate Budget Committee resolutions that were released last week. He also shares information about how listeners can submit comments on what guidance the Internal Revenue Service should prioritize in 2015 and 2016. In low-income housing tax credit news, he discusses a memorandum from the IRS that clarifies whether units for managers or maintenance personnel in a low-income housing tax credit property are eligible for the credit. Then he talks about a bill that could increase financing for energy-efficient updates in government-subsidized housing. After that, he shares a report about rental cost burdens on working families and how the low-income housing tax credit is helping to address the affordability crisis. In new markets tax credit news, he discusses a report that examines how the new markets tax credit could better serve minority and women entrepreneurs. In the historic tax credit section, he talks about a bill to expand the Georgia state historic tax credit. He also discusses a bill from Alabama that could make the state historic and new markets tax credit programs less attractive to investors. He closes with a report from the Department of Energy on the future of wind power.
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