In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides news on the status of a $1 trillion-plus government spending package. He also discusses the progress of tax extender legislation. Next, he reviews a tax reform bill introduced by House Ways and Means Committee Chairman Dave Camp, and he also gives updates on House Ways and Means Committee appointments for the Subcommittee on Select Revenue Measures, and appointments to the Senate Finance Committee. In the low-income housing tax credit section, he shares news on the National Housing Trust Fund and the Capital Magnet Fund, the 9 percent LIHTC floor and the CDFI Bond Guarantee program. He also goes over a new bill introduced to change the frequency of certain income re-certifications. In the new markets tax credit segment, he shares the findings of a New Markets Tax Credit Coalition economic impact report. Next, he discusses the North Carolina state historic tax credit set to expire at the end of this month. Finally, in the renewable energy tax credit section, he talks about a new report highlighting the importance of extending and expanding the renewable energy production tax credit and investment tax credit. He also lets listeners about the new deadline for submitting nominations for the Novogradac Renewable Energy Power Awards.
Activity