September 6, 2016

Published by Michael Novogradac on Tuesday, September 6, 2016 - 1:00pm

In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, which will include key dates for Congress as the fiscal and calendar years draw to a close. He talks about what deadlines lawmakers need to meet in order to avoid a government shutdown and expiration of certain tax credits. In the low-income housing tax credit section, he shares a recent audit report on Virginia’s administration of its Section 1602 program, cash grants in lieu of the low-income housing tax credit. He also highlights a few case studies released by the Urban Institute that show why preserving affordable housing is critical to the well-being of communities. In new markets tax credit news, he discusses a guest column that Rep. Pat Tiberi wrote on the importance of making the new markets tax credit a permanent part of the tax code. He also shares the latest NMTC Qualified Equity Investment Issuance Report. In the historic tax credit section, he gives an update on two states that are considering the future of their state historic tax credit programs as they keep in mind budget concerns. And, he closes out with renewable energy tax credit news, where he talks about a letter sent by a conservative coalition that opposes the extension of the investment tax credit for certain technologies.