In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses IRS Commissioner John Koskinen's letter to Sen. Ron Wyden about tax extenders legislation. In the low-income housing tax credit segment, he analyzes trends in the 2015 designated difficult development areas, and reviews private letter ruling 201440013, which addresses Section 1602 funding. In the new markets tax credit section, he reviews the CDFI Fund's announcement about NMTC demand in Round 12 , and discusses the Treasury's guarantee of an additional $200 million through the CDFI Bond Guarantee Program. Next, in the historic tax credit segment, he reports on Rep. Niki Tsongas' support for the federal historic tax credit, and he imparts information about the Ohio state historic preservation tax credit's incorporation of a new catalytic designation. Finally, in the renewable energy tax credit segment, he explores the role of tax credits in the Texas energy market through the report, "Texas Power Challenge: Getting the Most from Texas Energy Dollars."
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