January 26, 2016

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about the Congressional Budget Office’s updated budget and economic outlook for the next decade. Then, he shares news about the appointment of three senior staff members to the House Ways and Means Committee, followed by an announcement about the Ways and Means Committee’s first meeting of the year. In the lowincome housing tax credit section, he discusses the Treasury Department’s audit of the Section 1602 program in North Dakota. In new markets tax credit news, he highlights a tax extenders provision that is often overlooked, but that can be a game changer for investments in lowpopulation census tracts. Then in the historic tax credit section, he talks about a milestone in historic preservation and how listeners can share their thoughts on the challenges and opportunities facing national historic preservation. In state-level news, he discusses recent amendments to Virginia’s state historic tax credit regulations. And he closes out with renewable energy tax credit news where he talks about a report that calls wind energy the most costeffective way to cut carbon pollution and he tells listeners about how renewable energy tax credits fall into the mix.