Novogradac Journal of Tax Credits Volume 11 Issue 8
Abridged version of the August 2020 issue of the Novogradac Journal of Tax Credits. For more content, please subscribe to the Journal.
The May issue of the Journal of Tax Credits included a look at the impact of COVID-19 on the marketplace for historic rehabilitation and historic tax credit (HTC) syndication.
In the renewable energy industry, it’s crucial to stay informed of legislation changes, as it gives developers and investors the opportunity to manage the construction of renewable energy projects efficiently and the ability to maximize governmental incentives (i.e., tax credits).
Many community development entities (CDEs) have annual intentions to start projects earlier and be more organized than the year before.
With less than half of 2020 remaining, it is time to set sights on year-end and start thinking about tax-planning strategies.
The House of Representatives passed a sweeping infrastructure bill July 1 that included substantial expansion of community development tax credits.
Legislation approved July 7 by Mississippi Gov. Tate Reeves will extend the sunset date for the state historic tax credit (HTC). H.B. 1729 extends the sunset date from the end of 2020 to the end of 2030 and allows single-family dwellings to qualify for the credit.
Members of the House of Representatives introduced sweeping energy legislation June 25 that includes provisions that would extend and expand the renewable energy investment tax credit (ITC) and production tax credit (PTC).
The U.S. Treasury Department and Internal Revenue Service issued a notice June 12 providing tax relief for new markets tax credit (NMTC) transactions affected by the COVID-19 pandemic.
The U.S. Department of Housing and Urban Development (HUD) published in the June 9 Federal Register a 60-day notice of proposed information collection concerning an evaluation of the Rental Assistance Demonstration (RAD) program’s choice mobility option and long-term affordability.
The Internal Revenue Service released an advance copy July 1 of proposed regulations concerning low-income housing tax credit (LIHTC) compliance issues, returning to a previous standard of required inspection of the lesser of the applicable Real Estate Assessment Center number of 20 percent of the low-income units in the development.