September 22, 2020

Published by Michael Novogradac on Tuesday, September 22, 2020 - 12:30pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares breaking news from the CDFI Fund on the 2020 New Markets Tax Credit notice of allocation availability. He then discusses the Continuing Appropriations Act of 2021 and Other Extensions Act—a tentative deal to keep the government funded through Dec. 11. Next, he discusses the 2020 Disasters Tax Relief Act, legislation introduced to increase low-income housing tax credits for certain disaster areas. Then, he shares highlights from “Blue Wave Effects: What a Democratic Sweep Could Mean for Affordable Housing, Community Development and Renewable,” a Novogradac special report that covers what a Democratic sweep in the November election could mean for affordable housing, community development, renewable energy and historic preservation. Next, he discusses what historic preservationists should know about the final regulations for the federal historic tax credit. He wraps up with news of a new policy for qualified opportunity funds in Washington, D.C., and a proposed New York State reporting requirement for qualified opportunity funds called the Opportunity Zone Reporting and Reform Act (S. 8977).