October 18, 2011

Published by Michael Novogradac on Tuesday, October 18, 2011 - 2:45pm

Michael J. Novogradac, CPA, discusses an update on the Super Committee’s progress; summarizes legislation introduced to amend historic tax credit rules to allow local governments rehabilitate aging public schools; discusses a report about how to implement solar PV projects on historic buildings; reviews the findings of a report that found that a one-year extension of the Section 1603 cash grant exchange program would support more than 37,000 jobs in 2012. Then he shares some comments made last week by government leaders regarding the need for additional political support for renewable energy; summarizes briefly the possible effects of tax reform on the low-income housing tax credit; discusses disaster relief provided to certain low-income housing tax credit properties in Pennsylvania; and shares a synopsis of what tax reform could mean for new markets tax credit yields and previews one of the special events planned for this week’s New Markets Tax Credit Investors Conference.