Novogradac Podcast Examines Effects of Manchin’s BBBA Announcement
The future of the Build Back Better Act (BBBA) and related community development incentives after Sen. Joe Manchin’s announcement that he would not vote for the legislation is the subject of this week’s Tax Credit Tuesday episode. Michael Novogradac, CPA, is joined by Peter Lawrence, Novogradac director of public policy and government relations, and Tony Grappone, CPA, to discuss what’s next for potential tax extenders legislation, what tax incentive provisions could be included in a future version of the BBBA and more.
A Notes from Novogradac blog post today includes an estimate that the Senate Finance Committee’s BBBA draft would finance 944,900 affordable homes over the 2022-2031 period and also evaluates the effect of Manchin’s announcement.
The BBBA and federal legislation will be discussed at the Novogradac 2022 Affordable Housing Developers Conference, Jan. 13-14, 2022, in San Juan, Puerto Rico.