July 30, 2013

Published by Michael Novogradac on Tuesday, July 30, 2013 - 1:00pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates listeners about House Ways and Means Committee Chairman Dave Camp and Senate Finance Committee Chairman Max Baucus’s tax reform tour and 18 Senators’ responses to the call for proposals, as well as industry groups’ responses to those proposals. In new markets tax credit news, he alerts listeners to the opening of the 2013 and 2014 allocation rounds. In historic tax credit news, he discusses a conservation easement case and legislation introduced to make the conservation easement incentive permanent, and he announces the reinstatement of Rhode Island’s historic preservation tax credit. In low-income housing tax credit news, he discusses the U.S. Department of Housing and Urban Development’s first major change to the HOME program since 1996. In renewable energy tax credit news, he alerts listeners to a Senate committee hearing on principles for energy tax reform, an update on renewable energy generation as compared to conventional energy sources and a report on the leading states for solar energy production.