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December 3, 2018
Handbooks and Booklets
The 2019 Novogradac Opportunity Zones Handbook gives readers background and guidance for the new federal opportunity zones incentive. The second edition of the Novogradac Opportunity Zones Handbook has been updated to reflect the second tranche of proposed Treasury regulations. It provides an overview of the incentive, tax benefits, definitions of key terms, technical income tax aspects, and explanation of opportunity zones, qualified opportunity funds and qualified opportunity zone property. The Novogradac Opportunity Zones Handbook also includes key sections from the Internal Revenue Code, Treasury guidance and more.
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June 1, 2018
Periodical News Brief

The Internal Revenue Service published Revenue Procedure 2018-22 (Rev. Proc. 2018-22) April 30. Rev. Proc. 2018-22 reflects an increase in the state low-income housing tax credit (LIHTC) ceiling enacted through the Consolidated Appropriations Act of 2018. The amended state LIHTC ceiling is the greater of $2.70 multiplied by the state population or $3.105 million. The modifications are in effect for taxable years beginning in 2018. The guidance is available at