July 12, 2016

Published by Michael Novogradac on Tuesday, July 12, 2016 - 1:00pm

In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he shares what Congress hopes to achieve in the final few days before it takes a long recess. He will also let listeners know about the potential release of a plan by Senate Finance Committee Chairman Orrin Hatch that could have a significant impact on corporate tax reform, including some details of what might be included. In the low-income housing tax credit section, he discusses how two changes in California’s state low-income housing tax credit will make the credit more valuable and versatile. He will also look at a change in Hawaii that makes its state low-income housing tax credit more valuable. In new markets tax credit news, he shares the latest Qualified Equity Investment issuance report and how much allocation authority has been issued to investors in the past month. In the historic tax credit section, he talks about an upcoming meeting of the Advisory Council on Historic Preservation. And he closes out with renewable energy tax credit news, where he tells listeners about New Mexico’s state renewable energy tax credit, which has already reached its cap this year.