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January 23, 2018
Government Shutdown; Impacts on HUD and IRS; Curbelo Takes Over as Lead Sponsor of LIHTC Bill; Novogradac Analysis on Small Area Fair Market Rents; New York Tax Credit Legislation Introduced; Hawaii State Renewable Energy Bill Introduced  
January 30, 2018
Periodical News Brief
Solar Energy Industries Association (SEIA) and GTM Research announced the release of the U.S. Solar Market Insight, Q4 2017 Dec. 14, 2017. The report stated that total installed U.S. photovoltaic (PV) capacity is expected to more than double over the next five years and that by 2022, nearly 15 gigawatts (GW) of PV capacity will be installed annually. In addition, SEIA reported that in Q3 2017, the U.S. market installed 2,031 MWdc of solar PV, a 51 percent decrease compared to Q3 2016. GTM Research forecasts that 11.8 GWdc of new PV installations will come online in 2017, down 22 percent from a record-breaking 2016. SEIA reported that the U.S. installed more than 2 GW of solar PV in the third quarter of 2017, despite experiencing higher prices across all market segments and major policy uncertainty. The report also states 4 GW of utility-scale PV projects are under construction across the nation and GTM Research forecasts an additional 3.9 GW will come online by the end of the year. 
Conference Subpage
Agenda for Novogradac 2017 Financing Renewable Energy Tax Credits Fall Conference.
April 10, 2017
Periodical News Brief
Reps. Tom Reed, R-N.Y., and Mike Thompson, D-Calif., introduced legislation Feb. 15 that would extend commercial and residential installation tax credits for small wind and other renewable technology through 2021. Those “orphan” technologies were left out of the extensions included in the PATH Act of 2015 and expired at the end of 2016. HR 1090 would provide a retroactive credit of 30 percent that would phase out through the end of 2021. The legislation had 35 cosponsors at press time–22 Republicans and 13 Democrats.
May 8, 2018
Periodical News Brief
New Jersey state Rep. John McKeon and state Sen. Bob Smith introduced A3273 and S3723, respectively March 14. The bills establish and modify clean-energy-efficiency programs and modify New Jersey’s solar renewable energy portfolio standards. The bills would stabilize the solar market through 2021 by increasing the renewable portfolio standard target for solar and enabling a community solar program, which will ensure that 100 percent of residents have access to solar energy. The program will give consideration to residential customers, especially in multifamily buildings, and low-to-moderate income customers. The Solar Energy Industries Association in a press release voiced support for the legislation to grow New Jersey’s renewable development, maintain more than 7,100 solar industry jobs and expand the benefits of clean energy to more residents.
January 9, 2018
Periodical News Brief
The Solar Energy Industries Association (SEIA) released Dec. 4, 2017, “America First Plan for Solar Energy.” The blueprint recommends steps that President Donald Trump can take to maintain the solar industry’s growth. The plan is designed to make America first in manufacturing, national security and solar job growth. SEIA recommends the president reject tariffs; support the U.S. military and national security by standing for stable, affordable energy prices; allow the solar market to continue going strong and offer well-paying jobs; not bail out failed foreign firms; and make America first. President Trump has until Jan. 26 to make a decision on whether to accept or reject SEIA’s blueprint proposals.
March 2, 2017
Periodical News Brief

New Mexico H.B. 82 was introduced Jan. 17 by Rep. Matthew McQueen. The bill would reinstate the state solar tax credit and adjust the individual and statewide ceiling. The bill would extend the tax credit that expired at the end of 2016 at 10 percent, gradually phasing down until it sunsets at the end of 2024. The individual project cap would be $9,000. The statewide cap would be $5 million, rather than the previous cap of $2 million for solar thermal systems and $3 million for photovoltaic systems. H.B. 2 is available at

August 28, 2018
Middle-Income Housing Tax Credit Act of 2018; Rent Relief Act of 2018; Section 199A Deduction; CRA Procedures Update; Private Activity Bonds Interim Rule; California Affordable Housing Bills; Department of Energy Report
May 9, 2017
Tax Reform; USDA Multifamily Conference Calls; LIHTC Poll; Maine LIHTC Proposal; NMTC Notice of Allocation Availability; Clean Energy for America Act
July 25, 2017
Healthcare Bill Vote to Proceed; House Budget FY 2018 Resolution; Tax Policy Subcommittee Hearing; Tax Reform Letters to Hatch; Senate Finance Committee Tax Reform Hearing; Kautter Nomination; Carson on Affirmatively Furthering Fair Housing; National Housing Week of Action; Capital Magnet Fund Deadlines; Technologies for Energy Security Act (H.R. 1090)
Reports and Software
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.
May 23, 2017
Trump FY 2018 Budget Proposal; Tax Reform Hearing; Affordable Housing Credit Improvement Act Co-Sponsor Update; Section 1602 Audits; West Virginia HTC Increase; Offshore WIND Act
September 5, 2017
Big Six; Trump Tax Tour; CR and Debt Limit; THUD Bill; FMRs Released; California Bond Measure; Illinois NMTC Extension; NREL Wind Energy Report
April 25, 2017
Continuing Resolution; Tax Reform; IRS Guidance Priority Plan; FY 2017 Income Limits Analysis; NMTC Extension Act of 2017; QEI Issuance Report; Maryland Energy Storage Bill; Oklahoma Wind PTC Eliminated
January 10, 2017
Ways & Means and Senate Finance Committee Leadership, Member Changes; Tax Reform Working Groups; Carson Confirmation Hearing; Castro Exit Message; Wisconsin Supreme Court LIHTC Valuation Ruling; NMTC Allocation Application Comments; CDFI Certification Comments; NMTCC Letter; Solar Energy Finance Advisory Council
August 8, 2017
Infrastructure Council; Senate Finance Committee Affordable Housing Hearing; Senate Finance Committee Tax Reform Markup; Senate Nomination Confirmations; 2018 DDA Predictions; Smoke-Free LIHTC Bill (H.R. 3322); NMTC Compliance Report; Report Lauds Louisiana HTC Program; Incentivizing Offshore Wind Power Act (S. 1672)