October 1, 2013

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

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the federal government shutdown and its effects on tax credit programs and the U.S. Department of Housing and Urban Development programs. In renewable energy news, he shares new guidance from the Internal Revenue Service on “begin-construction” requirements for the production tax credit and a recent transaction spurred by the credit’s extension; he also alerts listeners to an upcoming hearing about the credit. In low-income housing tax credit news, he covers a federal subsidy that the Federal Housing Administration will be taking and the fiscal year 2014 mortgage insurance premiums. In new markets tax credit news, he alerts listeners to a new program extension support letter that is being circulated in the House of Representatives. In historic tax credit news, he shares the findings of a study on the use of historic tax credits in predominantly African-American neighborhoods and the opening of the Alabama historic tax credit program’s first application round.