August 25, 2020

Published by Michael Novogradac on Tuesday, August 25, 2020 - 4:30pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses a report from the White House Council of Economic Advisers on the economic impact of the opportunity zones incentive. Then, he talks about a U.S District Court ruling in Hawaii that addressed the ability of a state allocating agency to terminate extended-use agreements under the qualified contract process. Next, he shares updates on COVID-19 relief legislation in Congress, and discusses President Donald Trump’s tax proposals if he is re-elected in November. He wraps up with discussion of low-income housing tax credit compliance issues that were not addressed in IRS Notice 2020-53.