September 27, 2011

Published by Michael Novogradac on Tuesday, September 27, 2011 - 2:15pm

Michael J. Novogradac, CPA, discusses the Deficit Reduction Super Committee’s hearing on tax reform; the status of the federal budget; and recent and upcoming congressional hearings. Then, he discusses the status of support in Congress for the New Markets Tax Credit Extension Act. In the historic tax credit segment, he provides a state level update on the latest developments Missouri. Next, he reviews the status of HUD funding for fiscal year 2012, and discusses redevelopment agency funding in California. Finally, he discusses a joint hearing on the intersection of energy policy and tax policy that was held last week. He also discusses a Senate bill introduced last week to accelerate the depreciation schedule for energy-efficient roofs and shares highlights from a report that found that solar companies are hiring faster than the rest of the economy