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In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, talks about the Senate Republican tax reform bill and what the proposed legislation could mean for low-income housing tax credits, private activity bonds, the new markets tax credit, the historic rehabilitation tax credit and renewable energy tax credits.
President’s Fiscal Year 2014 Budget Proposal; Commonwealth of the Northern Marianas Qualified Allocation Plan; Community Investment Impact System (CIIS) 10.0; Conservation Easement Rules; Indiana State Historic Tax Credit (H.B. 1318)
Hurricane Sandy Legislation; Simpson-Bowles Plan; Tax Reform; Production Tax Credit/Investment Tax Credit “Begun Construction” Guidance; SEAM Act (H.R. 1424); Make It in America: Create Clean Energy Manufacturing Jobs in America Act (H.R. 1524); Low-Income Housing Tax Credit GAAP Rules; Standard & Poor’s Multifamily Housing Bond Rating Criteria; Missouri New Markets Tax Credit (S.B. 112); Wisconsin Historic Tax Credit (S.B. 132).
The 2018 Novogradac Tax Reform Resource Guide provides an in-depth look at the general and specific impacts of the federal tax reform legislation passed at the end of 2017, so that investors, developers and others involved in various tax credit transactions can know what to expect.
The 2018 Novogradac Tax Reform Resource Guide includes a general section on changes made in the legislation (P.L. 115-97), including business tax changes, corporate tax changes and noncorporate tax updates in such areas as cost recovery changes, business interest expense limitation, new tax rates and more.
The guide also includes individual chapters on how the changes affect the low-income housing tax credit (LIHTC), historic rehabilitation tax credit (HTC), new markets tax credit (NMTC), renewable energy investment tax credit (ITC) and production tax credit (PTC), plus a section on the new opportunity zones incentive created by the tax reform legislation.
The guide also includes an index and appendices, with links to important documents.
The report contains guidance informed by Novogradac’s nearly 30 years of experience with the tax code and the tax credit programs associated with it.