In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off the general news section by talking about the president's State of the Union address and tax reform. He then moves on to discuss the formation of a new advisory council that was formed this month by the Federal Reserve Board. In the low-income housing tax credit section, he gives an update on the disparate impact case that was heard in the Supreme Court last week. He also talks about the 2015 poverty guidelines released by the U.S. Department of Health & Human Services and why it can be expected that HUD will soon release its own fiscal year 2015 income limits. He also shares some news about $3.2 million in grants that were awarded through the Choice Neighborhood Planning program. In a state-level update, he talks about what California's state treasurer John Chung is planning to do to increase the supply of affordable housing in the state. He also briefly discusses a new report that highlights achievements of the low-income housing tax credit in Vermont. In the new markets tax credit segment, he introduces the new Community Development Individual Achievements Awards program and how you can nominate community development leaders who deserve recognition for their outstanding work. In historic tax credit news, he states the National Trust for Historic Preservation is accepting nominations for its 2015 list of America's 11 Most Endangered Historic Places. After that, he reviews what is being done to resurrect a state historic tax credit program in North Carolina, and how preservationists can now apply for the new state historic tax credit in Texas. In the renewable energy tax credit section, he discusses a proposal to amend the Keystone XL pipeline legislation that could consolidate or eliminate about 100 government programs related to green building activity. He closes with news on a new bill in Nebraska that would greatly increase its state energy production tax credit.