January 19, 2016

Published by Michael Novogradac on Tuesday, January 19, 2016 - 1:00pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, where he talks about what the president said—or didn’t say—about tax reform during his State of the Union address last week. He also discusses a list of tax provisions that are scheduled to expire in the next decade. In the low-income housing tax credit section, he highlights the latest commitment from HUD and the Department of Veterans Affairs to help house Native American veterans. In new markets tax credit news, he shares news about an upcoming conference where listeners can hear about community development opportunities from several government agency heads and industry leaders. Then in the historic tax credit section, he shares how listeners can submit comments on one of the most important forms under the historic tax credit program, the historic preservation certification application. After that, he recaps a recent court ruling on the transfer of state tax credits and why it was deemed a disguised sale. And he closes out with renewable energy tax credit news, where he talks about another court ruling—this time on award decisions made by Treasury on Section 1603 grant applications. And the last news update will be a state item from North Carolina, where the expired state investment tax credit is still an economic spur.