February 11, 2014

Published by Michael Novogradac on Tuesday, February 11, 2014 - 1:00pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the latest about the debt limit and the confirmation of Sen. Max Baucus as the next U.S. ambassador to China and what it might mean for tax reform. In new markets tax credit news, he shares news about legislation that would permanently extend the New Markets Tax Credit program, a report on the Community Development Financial Institutions Fund’s release of comments on its Community Investment Impact System and compliance reporting, and February’s Qualified Equity Investment Issuance Report. In our low-income housing tax credit news, he covers the passage of the Agriculture Act of 2014 and an additional co-sponsor of the Low-Income Housing Tax Credit Rate Act. In renewable energy tax credit news, he shares the results of a report from the Treasury Inspector General for Tax Administration about potential double dipping in the Section 1603 grant program and a report from the American Wind Energy Association about activity in the wind industry in the last quarter of 2013. On our historic tax credit news, has two state-level updates: one from Indiana and one from Kentucky.