In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses legislation that would extend the New Markets Tax Credit program for one year and enable military families to exclude their basic housing allowance from income when calculating their eligibility for lowincome housing tax credit units in certain areas. In new markets tax credit news, he invites listeners to participate in the New Markets Tax Credit Working Group’s activities. In low-income housing tax credit news, he shares information about legislation that would create a renter’s tax credit and a plan in California that could direct billions of dollars to transit-oriented development. In historic tax credit news, he shares an update about the Mississippi historic tax credit. In renewable energy tax credit news, he alerts listeners to proposed extensions of the production and investment tax credits.
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