June 4, 2013

Published by Michael Novogradac on Tuesday, June 4, 2013 - 1:00pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, in new markets tax credit news, discusses non-real estate investment guidance from the Internal Revenue Service and encourages people to send their comments on the new markets tax credit to TaxReform.gov. In historic tax credit news, he explains a bill introduced to expand and increase the historic tax credit and a Texas historic tax credit bill that has been sent to the governor, as well as a report on the benefit of the historic tax credit in Montana. In low-income tax credit news, he alerts listeners to the IRS’s suspension of certain requirements in Oklahoma and to a new tool to evaluate syndicators. In renewable energy tax credit news, he covers the recently introduced Storage Technology for Renewable and Green Energy Act, which would create a 30 percent tax credit for technologies that store energy from renewable sources for use during offpeak hours.