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Novogradac Journal of Tax Credits Volume 15 Issue 3

Abridged version of the March 2024 issue of the Novogradac Journal of Tax Credits. For more content, please subscribe to the Journal.

Journal Cover March 2024

Articles

Nat Eng

Thursday, March 7, 2024

The U.S. Treasury Department issued a notice of proposed rulemaking Dec. 14, 2023, for the Internal Revenue Code (IRC) Section 45X Advanced Manufacturing Production Tax Credit (PTC), created under the Inflation Reduction Act of 2022 to bolster domestic production of equipment, components and critical materials related to clean and renewable energy.

Brad Stanhope

Wednesday, March 6, 2024

The calendar-year 2023 (CY 23) new markets tax credit (NMTC) allocation awards should be announced in late summer or early fall, while the NMTC application will be released for public comment shortly and there is no decision yet on whether to combine allocation rounds ahead of the current expiration date for the NMTC incentive.

Thomas Stagg

Tuesday, March 5, 2024

Year-over-year increases to income limits and maximum rents for affordable multifamily rental housing financed by low-income housing tax credit (LIHTC) equity will be capped at 10% for 2024 and beyond.

Brad Stanhope

Monday, March 4, 2024

For Buzz Roberts, the result of Community Reinvestment Act (CRA) regulations updated in October 2023 is simple: If large banks seek "outstanding" ratings, the new regulations will be good news for properties financed by community development tax incentives.

Michael J. Novogradac

Friday, March 1, 2024

Capital raising for qualified opportunity funds (QOFs) tracked by Novogradac slowed to $3.5 billion in 2023, down from $9.7 billion in 2022 and $9.2 billion in 2021, as described in further detail on Page 10 of this issue.


News Briefs

Thursday, March 7, 2024

Renewable energy tax credits for March 2024 with updates about the Inflation Reduction Act of 2022 and proposed rulemaking.

Thursday, March 7, 2024

Historic tax credit news briefs for March 2024 from Virginia, New Hampshire, West Virginia, Hawaii and more.

Thursday, March 7, 2024

New markets tax credits news briefs for March 2024 from the Community Development Financial Institutions Fund, the National Trust Community Investment Corporation and the Office of the Comptroller.

Wednesday, March 6, 2024

U.S. Department of Housing and Urban Development news briefs for March 2024 about the Green and Resilient Retrofit Program, the Housing Assistance Payments program and Fannie Mae.

Tuesday, March 5, 2024

Property compliance news briefs for March 2025 from the U.S. Department of Housing and Urban Development and the Internal Revenue Service.

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