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April 15, 2014

Published by Michael J. Novogradac on April 15, 2014, 1 p.m.

In this week’s Tax Credit podcast, Michael J. Novogradac, CPA, discusses new legislation that would increase tax credits for areas recently affected by natural disasters, and he updates listeners about Ways and Means tax reform hearings and the House of Representatives’ passage of a fiscal year 2015 budget. In new markets tax credit news, he shares legislation from Kentucky that has doubled the amount of credit available through the state’s new markets tax credit program. In low-income housing tax credit news, he discusses the reorganization of the U.S. Department of Housing and Urban Development’s Office of Multifamily Housing and a report on low-income housing tax credit housing in Nevada. In historic tax credit news, he shares information about legislation that would make it easier for large, multiphase projects to claim the Maine historic tax credit. In renewable energy tax credit news, he comments on ongoing issues surrounding the sequestration cuts to the Section 1603, Grants for Specified Energy Property in Lieu of Tax Credits.

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