May 1, 2012

Published by Novogradac & Company LLP on Tuesday, May 1, 2012 - 12:00am

Michael J. Novogradac, CPA, discusses last week’s congressional hearing on tax extenders, as well as additional remarks made in advance of the hearing by a bipartisan group of lawmakers calling for an extension of the production tax credit. In the low-income housing tax credit segment, he discusses highlights from the National Council of State Housing Agencies’ 2012 Legislative Conference. The he shares an announcement from the Historic Tax Credit Coalition, which recently released a new mapping tool that can be of great use to supporters of the historic preservation tax credit. Finally, he discusses the findings of a report released last week about the use of the new markets tax credit in metro and non-metro areas and provides a state level update from Nebraska.