November 19, 2013

Published by Michael Novogradac on Tuesday, November 19, 2013 - 1:00pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the Financial Accounting Standards Board’s Emerging Issues Task Force’s decision to allow changes in how to account for tax credit investments, recently issued Community Reinvestment Act guidance and the latest information about tax reform. In low-income housing tax credit news, he details the release of the 2014 difficult development areas (DDAs) and a Congressional Budget Office proposal about the deficit reduction savings from the repeal of the low-income housing tax credit. In historic tax credit news, he has information about the latest Advisory Council on Historic Preservation meeting and legislation in Wisconsin that would double the state’s historic tax credit. In new markets tax credit news, he shares remarks from Comptroller of the Currency Thomas Curry about how the new markets tax credit can be used by banks to meet Community Reinvestment Act requirements. In renewable energy tax credit news, he alerts listeners to the opening of the nomination round for the first Novogradac Journal of Tax Credits Renewable Energy Power Awards