In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off this week’s podcast with the general news section, where he provides an update for listeners on the presidential primaries. He also discusses how the IRS’s new partnership audit provisions could affect tax credit partnerships. In the low-income housing tax credit section, he shares what HUD Secretary Julian Castro had to say at a hearing last week about the president’s proposed budget increase for HUD. Then, he discusses new regulations regarding utility allowance regulations and how property managers can make sure to remain in compliance. After that, he talks about an advocacy letter that urges lawmakers to expand the low-income housing tax credit. In new markets tax credit news, he provides the important details CDFIs need to know about the CDFI Fund’s new annual certification report. He also shares the CDFI Fund’s latest new markets tax credit qualified equity investment issuance report. Then in the historic tax credit section, he talks about highlights from the National Park Service’s annual report and analysis on the federal historic tax credit. And he closes out with renewable energy tax credit news, where he summarizes a report on how expanded tax credit programs through the Recovery Act helped increase clean energy investments across the country.
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