November 16, 2010

Published by Michael Novogradac on Tuesday, November 16, 2010 - 12:15pm

Michael J. Novogradac, CPA, examines the National Commission on Fiscal Responsibility and Reform’s draft report and shares a congressional update. Next, he discusses efforts to support the extension of the Section 1602
cash grant exchange program; shares new tools provided by the Housing Advisory Group to help educate lawmakers on the benefits of the LIHTC; and summarizes a new market rate tax credit housing program in Massachusetts.
Then, he discusses a White House memo that contemplates the futures of the Section 1705 renewable energy loan guarantee program and the Section 1603 renewable energy tax credit cash grant exchange program. He also discusses a
California ballot proposition that may have rendered Section 1603 grants taxable. Next, he shares the latest news about Missouri’s Tax Credit Review Commission. And finally, he summarizes the most recent QEI issuance report.