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May 26, 2015

Published by Michael J. Novogradac on May 26, 2015, 1 p.m.

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, opens the podcast with the general news section, discussing progress on a bill that could advance evidence-based policymaking within the federal government. Then, he gives the latest news on the Senate Finance Committee’s five tax reform working groups. In the low-income housing tax credit section, he shares a report illustrating the gap between wages and rents across the country. Then, he discusses why California could potentially see an extra $200 million available for green housing investments. He also talks about an upcoming webinar on low-income housing tax credit acquisition and rehabilitation developments. In new markets tax credit news, he provides an update on two companion bills that would permanently extend the New Markets Tax Credit program. He also tells listeners how they can participate in a sign-on letter that two congressmen are circulating in support of a new markets tax credit extension. Next, he shares the three winners of our Novogradac Community Development Individual Achievement Awards who have greatly contributed to the New Markets Tax Credit program. In historic tax credit news, he shares an update on a North Carolina state historic tax credit bill and how it fits into the proposed state budget plan. Then, he closes out this week’s podcast with our renewable energy tax credit section, where he reports on a recent Nebraska renewable energy tax credit bill and how it fared after it advanced out of committee.

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