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Novogradac Journal of Tax Credits Volume 4 Issue 1

The January 2013 issue of the Novogradac Journal of Tax Credits.

Journal cover January 2013


Michael J. Novogradac

Tuesday, January 1, 2013

As is the case every year, and required by the Congressional Budget Act of 1974, next month the president will release his estimates of the loss in federal tax revenue that is attributable to provisions in the tax law that allow a special exclusion, exemption or deduction from gross income, or that provide a special credit, a preferential tax rate or a deferral of liability.

Jennifer Dockery

Tuesday, January 1, 2013

Uncertainty in the global markets and competition among Community Reinvestment Act (CRA)-motivated investors is increasing interest in the tax-exempt bond (TEB) market. More affordable housing developers are closing deals financed by private activity housing bonds as bond investors appreciate the perceived stability of the asset class and search for yield. The TEB market is recovering, with substantial rehabilitation projects in major markets having the most success in finding investors, while secondary and tertiary markets and smaller rehabilitation projects continue to struggle.

John Leith-Tetrault

Tuesday, January 1, 2013

In response to extensive damage caused by Hurricane Sandy to historic structures in New York, Connecticut and New Jersey, including iconic landmarks such as the Statue of Liberty and Ellis Island, a coalition of historic preservation organizations submitted to lawmakers a package of temporary federal historic tax credit (HTC) amendments that would help address disaster recovery needs. The set of legislative proposals increases the 20 percent credit to 26 percent and the 10 percent credit to 13 percent, representing a 30 percent value boost. These increases in credit percentages were widely and successfully used in the Gulf Opportunity (GO) Zone in the aftermath of Hurricanes Katrina and Rita.

Daniel J. Smith

Tuesday, January 1, 2013

Question: How do I make my renewable energy project more attractive to a potential tax credit equity investor?Answer: The keys to attracting a tax credit equity investor are the investor’s understanding of your technology, the economics of your energy project, your support team in place, and the experience and proven track record of your past projects.

News Briefs

Wednesday, September 12, 2018

To support Hurricane Sandy recovery efforts, the Low Income Investment Fund (LIIF) is committing $1 million to provide food and services to hurricane victims. One of the first projects LIIF is supporting is St. John’s Bread & Life, which provides meals and services in Brooklyn and Queens...

Tuesday, January 1, 2013

In response to the wreckage caused by Hurricane Sandy, the Local Initiatives Support Corporation (LISC) set up the LISC Emergency Relief Fund to target the needs of low-income neighborhoods in disaster situations ...

Tuesday, January 1, 2013

The U.S. Department of Housing and Urban Development (HUD) sent a letter to housing providers on Nov. 9 regarding its allowance of designated senior developments to open up vacant units to Hurricane Sandy evacuees under the age of 55...

Tuesday, January 1, 2013

The Colorado Economic Development Commission plans to grant several tax credit incentives to stimulate income for the state, including an initial approval for $4.2 million in state tax credits to two financial-services firms if they can deliver the 680 new jobs they propose to create ...

Tuesday, January 1, 2013

On Nov. 9 Hawaii’s Department of Taxation announced new temporary administrative rules on the Renewable Energy Technologies Income Tax Credit, which will apply to systems installed and placed into service on or after Jan. 1, 2013...

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