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Novogradac Journal of Tax Credits Volume 4 Issue 10

The October 2013 issue of the Novogradac Journal of Tax Credits

Journal cover October 2013

Articles

Michael J. Novogradac

Tuesday, October 1, 2013

As this column has noted several times, in the tax reform plans currently being created by House Ways and Means Committee Chair Dave Camp, R-Mich., and Senate Finance Chair Max Baucus, D-Mont., the overall net revenue effects of tax reform are a key point of contention.

Brent R. Parker

Tuesday, October 1, 2013

In the world of multifamily rental real estate, capital assets are king. As such, the language the Treasury Department employs regarding how to treat capital assets are of paramount importance. On Sept. 19, Treasury released final regulations regarding deduction and capitalization of expenditures related to tangible property, which effectively replace temporary regulations issued in late 2011 and amended in 2012. In addition, Treasury issued proposed regulations regarding dispositions of depreciable property. Although new regulations have been issued, they generally adopt, with some changes, guidance of the prior temporary regulations.

Teresa Garcia

Tuesday, October 1, 2013

Factories from the Industrial Revolution aren’t often referred to as “beautiful” or “a developer’s dream come true.” Yet, this was how Virginia Hesse, principal historical architect at the Rhode Island Historical Preservation & Heritage Commission (RIHPHC), described the Anthony Mill in Coventry, R.I. Unlike most 19th century factories, Anthony Mill was designed by architects and it has been remarkably well preserved by its past owners. The five-story, Italianate-style former cotton mill still has its original rubble-stone and stucco walls, granite window sills, brick window surrounds, central tower and belfry.

Teresa Garcia

Tuesday, October 1, 2013

Cash grants were once at the helm of the renewable energy market while renewable energy tax credits took a back seat. The tide has turned with the expiration of the 1603 cash grant in lieu of investment tax credits at the end of 2011. “A couple of years ago, it was all grants, all the time,” said Gary Goldman of Meridian Asset Finance. “Now it’s very much the other way. Even if there are grant pieces around, credit is seen as the preferred route.”


News Briefs

Tuesday, October 1, 2013

The U.S. Department of Agriculture Rural Housing Service (RHS) released proposed permanent regulations for the Rural Development Voucher Program (RDVP) in the Aug. 14 Federal Register...

Tuesday, October 1, 2013

The U.S. Department of Housing and Urban Development (HUD) released a rebuilding strategy Aug. 19 for communities facing extreme weather risks ...

Tuesday, October 1, 2013

The Office of the Comptroller of the Currency (OCC) updated its Insights report on the New Markets Tax Credit (NMTC) program. This update, “New Markets Tax Credits: Unlocking Investment Potential,”..

Tuesday, October 1, 2013

On Aug. 12, Massachusetts released the second annual Massachusetts Tax Credit Transparency Report. The report is part of an initiative to make government spending more accessible to the public, provides information on 13 tax credits awarded or issued during calendar year 2012...

Tuesday, October 1, 2013

On Aug. 12, Massachusetts released the second annual Massachusetts Tax Credit Transparency Report. The report is part of an initiative to make government spending more accessible to the public, provides information on 13 tax credits awarded or issued during calendar year 2012...

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