Sign Up For Novogradac Industry Alert Emails

Novogradac Journal of Tax Credits Volume 13 Issue 12

Abridged version of the December 2022 issue of the Novogradac Journal of Tax Credits. For more content, please subscribe to the Journal.

Journal Cover December 2022

Articles

Nick DeCicco

Tuesday, December 13, 2022

Though Illinois-based Brinshore Development has built more than 10,000 apartments in 20 states, one in-construction affordable housing property holds special significance for one of the firm’s co-founders.

Karen Destorel

Wednesday, December 7, 2022

Until the new markets tax credit (NMTC) is made an indefinite part of the Internal Revenue Code, permanence will remain at the top of the NMTC Working Group’s list of priorities.

Dirk Wallace

Tuesday, December 6, 2022

The Low-Income Housing Tax Credit (LIHTC) Working Group has been active in 2022 working with industry leaders, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) to provide comments on guidance needed by LIHTC participants. This year saw the LIHTC Working Group focus on several important regulatory and legislative issues, including additional COVID-19-related regulatory relief, revised guidelines on the usage of State and Local Fiscal Recovery Funds (SLFRF), Average Income Test (AIT) final regulations and responses to request for comments on various provisions in the Inflation Reduction Act (IRA), each of which are detailed below.

Jason Watkins

Monday, December 5, 2022

The Novogradac Opportunity Zones (OZ) Working Group was founded to identify and address technical and administrative issues that arise under the federal OZ incentive.

Karen Destorel

Friday, December 2, 2022

Novogradac created the GAAP Accounting for Tax Credits Working Group in 2021 to provide a platform for tax credit industry participants who wanted to be proactive in seeking the extension of favorable accounting principles to community development and renewable energy tax credits.


News Briefs

Wednesday, December 7, 2022

Historic tax credit news briefs for December 2022 with news about an exemption for electrical vehicle equipment, an updated Technical Preservation Services website and a New Jersey theater rehabilitation.

Wednesday, December 7, 2022

New markets tax credits news briefs for December 2022, with updates from the CDFI Fund and Minnesota.

Wednesday, December 7, 2022

Renewable energy news briefs for December 2022, with updates from the Department of the Treasury, the IRS and more.

Tuesday, December 6, 2022

Department of Housing and Urban Development news briefs for December 2022, with updates about DDAs and QCTs, COVID-19 supplemental payments, RAD properties and more.

Monday, December 5, 2022

Property compliance news briefs for December 2022 from Oregon, Colorado, Iowa, Illinois and more.

Learn more about Novogradac's expertise and many services