August 2, 2011

Published by Michael Novogradac on Tuesday, August 2, 2011 - 8:30am

Michael J. Novogradac, CPA, discusses the debt limit developments in Washington, D.C. He also discusses the efforts of the Rental Policy Working Group, highlights from NCSHA’s 2009 low-income housing tax credit utilization data, findings of a cost analysis of permanent supportive housing, and Novogradac & Company’s plans to celebrate the 25th anniversary of the low-income housing tax credit. In the historic tax credit segment, he gives a quick update on the IRS appeal in the Historic Boardwalk Hall case and shares details about the next meeting of the Advisory Council on Historic Preservation. Then, he discusses the provisions of the bipartisan New Markets Tax Credit Extension Act of 2011. And finally, he discusses an upcoming congressional hearing on energy tax policy, the introduction of the Geothermal Tax Parity Act of 2011, and the provisions of Oregon’s Renewable Energy Resource Equipment Manufacturing Facility Tax Credit.