April 19, 2011

Published by Michael Novogradac on Tuesday, April 19, 2011 - 2:30pm

Michael J. Novogradac, CPA, discusses the final figures for fiscal year 2011 funding as well as some thoughts about the upcoming congressional vote on raising the debt limit. He also shares an IRS invitation to submit suggestions
for guidance projects. In renewable energy news, he summarizes the latest guidance from Treasury about the Section 1603 program. Then he talks about a letter in which the administration expresses its support for extending the placed
in service deadline for GO Zone low-income housing tax credit properties. Next, he shares highlights from a recent editorial in defense of historic tax credits written by National Trust for Historic Preservation President Stephanie Meeks.
And finally, in new markets tax credit matters, he examines the latest qualified equity investment report issued by the CDFI Fund.