Novogradac Journal of Tax Credits Volume 14 Issue 1
Abridged version of the January 2023 issue of the Novogradac Journal of Tax Credits. For more content, please subscribe to the Journal.
Articles
During Thanksgiving weekend in November 2022, a water main break in Nashville, Tennessee, led to flooding at Bridgestone Arena, postponing Nashville Predators ice hockey games against the Colorado Avalanche and Columbus Blue Jackets as well as relocating the Music City College Hockey Classic. Cleaning up the site involved removing water in ceilings and floors as much as 3 feet high in some places, according to NHL.com.
While much of the immediate focus around last year’s passage of the Inflation Reduction Act (IRA) has been chatter about its shorter-term complexities such as what defines domestic content and the transferability of tax credits, the 10-year extension of renewable energy tax credits (RETCs) such as the investment tax credit (ITC) and production tax credit (PTC) also portend longer-term ramifications for the market.
Each year, the Community Development Financial Institutions (CDFI) Fund awards $5 billion in new markets tax credit (NMTC) allocation authority to competing community development entity (CDE) applicants.
One of the biggest decisions for a public housing authority considering a transition of its property through the Rental Assistance Demonstration (RAD) program is whether to partner with a private developer.
When the U.S. Census Bureau announced in July 2021 that it would not release one-year American Community Survey (ACS) data for 2020, it set up an important question for low-income housing tax credit (LIHTC) owners, developers, investors and lenders: How will fiscal year (FY) 2023 income limits be determined?
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News Briefs
New markets tax credits updates for January 2023, including CDFI Fund FAQs and request for public comment as well as news about a development in Tennessee.
Historic tax credit news briefs for January 2023 from the Advisory Council on Historic Preservation, Rhode Island, Maryland, Kansas and more.
Renewable energy tax credit news for January 2023, including updates about an IRS private letter ruling, updated state guidance and a Tenth Circuit court ruling.
Department of Housing and Urban Development updates for January 2023, including news about proposed changes to Section 811 and a program implementation update.
Property compliance news for January 2023 from Utah, South Carolina, Tennessee and Vermont.
