November 5, 2013

Published by Michael Novogradac on Tuesday, November 5, 2013 - 1:00pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the first meeting of the Budget Conference Committee, tax reform and a potential vote on the Volcker rule. In new markets tax credit news, he shares a letter from 70 Representatives that urges the permanent extension of the New Markets Tax Credit program, discusses legislation that would set-aside new markets tax credits for projects in areas affected by military base closures and discloses information about a request for comments about the Community Development Financial Institutions Fund Bond Guarantee program. In low-income housing tax credit news, he shares the calendar year 2014 low-income housing tax credit and private activity bond caps, as well as Sen. Mike Crapo’s support for legislation that would make the 9 percent floor permanent. In historic tax credit news, he discusses a report from Sen. Tom Coburn that addresses some of the costs of the historic tax credit program.