In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with a brief look at the presidential primary races in New York today. Then, he discusses a recent hearing on tax reform proposals and how they could affect key tax credit programs. In affordable housing news, he has a brief note on today's markup of the Transportation, Housing and Urban Development and Related Agencies Appropriations Act for Fiscal Year 2017. Then, he shares how listeners can calculate low-income housing tax credit rent and income limits for every Metropolitan Statistical Area in the country for free. After that, he talks about which state is temporarily suspending its utility allowance for low-income housing tax credit properties. In the new markets tax credit section, he shares some breaking news about calendar years 2015 and 2016 allocation rounds. Then, he has a preview of an upcoming new markets tax credit market report that will debut in next month's issue of the Novogradac Journal of Tax Credits. In the historic tax credit section, he talks about an Illinois bill that would extend the state historic tax credit sunset five years until 2022. And he closes out with renewable energy tax credit news, where he shares the status of a potential vehicle for renewable energy investment tax credits to be extended for certain clean energy technologies. He also discusses a new report on how renewable energy production tax credits have helped increase wind energy jobs across the country.
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