June 25, 2013

Published by Michael Novogradac on Tuesday, June 25, 2013 - 1:00pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses building momentum for tax reform and what may need to happen for tax reform to be successful this year. In historic tax credit news, he alerts listeners to the reintroduction of the Creating American Prosperity Through Preservation Act, or CAPP Act, as well as an update on promised guidance from the Internal Revenue Service on safe harbor for HTC transactions. In low-income housing tax credit news, he explores a final rule that the U.S. Department of Housing and Urban Development has issued on the Section 202 and Section 811 programs and how that affects LIHTC properties. In new markets tax credit news, he alerts listeners to a conference recording of the Novogradac Spring New Markets Tax Credit Conference, this month’s Qualified Equity Investment Issuance Report and a correction from Treasury about the master servicer/trustee application for the CDFI Bond Guarantee Program.