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December 9, 2014

Published by Michael J. Novogradac on Dec. 9, 2014, 1 p.m.

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts things off with news from Washington regarding the consideration of a one-year tax extenders bill. He also discusses the Dec. 11 deadline by which lawmakers will need to pass a spending bill to avoid yet another government shutdown. Next, he provides an update on the status of fiscal year 2015 income limits for properties funded by the U.S. Department of Housing and Urban Development (HUD) or the Low-Income Housing Tax Credit (LIHTC) program. He also has news on a case that may determine what constitutes discrimination under the Fair Housing Act—specifically concerning LIHTC properties. Next, he shares a report on state housing agency use of qualified allocation plans to promote more supportive housing development. He also talks about the confirmation of Nani Coloretti as the new deputy secretary of HUD. In the new markets tax credit segment, he reviews the latest Qualified Equity Investment Issuance Report released Dec. 1. In the renewable energy tax credit section, he talks about the strong support for extending the renewable energy production tax credit and investment tax credit from the Governors’ Wind Energy Coalition. Finally, in the historic tax credit section, he shares some state-level news about the impending expiration of North Carolina’s state historic tax credit.

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