In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the end of Eric Cantor’s tenure as House majority leader and what that could mean for tax reform. In new markets tax credit news, he shares a report from the New Markets Tax Credit Coalition about the use of the new markets tax credit in 2013 and an emergency rule from Kentucky that addresses recent changes to the state’s new markets tax credit program. In this week’s lowincome housing tax credit news, he discusses support for legislation that creates a permanent 9 percent floor for the low-income housing tax credit program and the passage in the House of a U.S. Department of Housing and Urban Development fiscal year 2015 appropriations bill, as well as an upcoming webcast from the Office of Tax-Exempt Bonds. In historic tax credit news, he has updates from Rhode Island and North Carolina. In renewable energy tax credit news, he discusses guidance from the Internal Revenue Service that addresses sequestration, the Section 1603 program and investment tax credits.
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