August 13, 2013

Published by Michael Novogradac on Tuesday, August 13, 2013 - 1:00pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates listeners about three new tax reform letters from Senators and on congressional activities. In low-income housing tax credit news, he analyzes the proposed fiscal year 2014 Fair Market Rents and alerts listeners to a lack of funding for the Section 521 Rental Assistance program. In new markets tax credit news, he reminds listeners of upcoming 2013/2014 allocation round deadlines and the release of the electronic application, as well as discusses the latest qualified equity investment issuance report, including a recent change to the information included in the monthly report. In historic tax credit news, he discusses legislation to incentivize installing elevators and sprinklers in historic buildings, provides state level updates from North and South Carolina, and informs listeners about a National Park Service video about the historic tax credit program. In renewable energy tax credit news, he reveals the results of an American Wind Energy Association report on wind energy production and a U.S. Department of Energy and Lawrence Berkeley National Laboratory report on wind technologies, as well as shares views on the principles of energy tax reform that experts provided during a Senate Finance Committee hearing.