September 3, 2013

Published by Michael Novogradac on Tuesday, September 3, 2013 - 1:00pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, informs listeners about the next stop on Senate Finance Committee Chairman Max Baucus and House Ways and Means Chairman Dave Camp’s tax reform tour and about Treasury Secretary Jacob Lew’s request that Congress raise the debt ceiling. In low-income housing tax credit news, he discusses the U.S. Department of Housing and Urban Development’s changes to Handbook 4350.3, as well as the Internal Revenue Service’s LIHC Newsletter #52 and request for comments about the LIHTC program’s utility allowances and carryover agreements. In new markets tax credit news, he alerts listeners to a new NMTC Insights report on the investment potential of new markets tax credits and a request for comments on how the CDFI Fund collects information on projects. In historic tax credit news, he has a state level update from Rhode Island, which has awarded its first historic tax credits since 2008. In renewable energy tax credit news, he shares information about a new federal financing program resource guide from the Department of Energy.