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August 1, 2017
Podcast
Health Care Legislation; Tax Plan; Senate Finance Committee Hearing on Affordable Housing; Senate THUD Appropriations Bill; Senate HUD and Treasury Nominees; Extension of California’s Cap-and-Trade System; NMTC Coalition “Special Report: New Markets Tax Credit a Big Deal for Rural America”; Rhode Island HTC Forms
May 9, 2017
Podcast
Tax Reform; USDA Multifamily Conference Calls; LIHTC Poll; Maine LIHTC Proposal; NMTC Notice of Allocation Availability; Clean Energy for America Act
September 5, 2017
Podcast
Big Six; Trump Tax Tour; CR and Debt Limit; THUD Bill; FMRs Released; California Bond Measure; Illinois NMTC Extension; NREL Wind Energy Report
August 8, 2017
Podcast
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)
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.
April 25, 2017
Podcast
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
Podcast
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
Conference Subpage
Pre-conference workhops for the Novogradac 2018 New Markets Tax Credit Spring Conference.
Conference Subpage
Agenda for the Novogradac 2018 New Markets Tax Credit Conference.
November 7, 2017
Periodical News Brief
The Advisory Council on Historic Preservation (ACHP) announced Sept. 20 that it was working with the Federal Emergency Management Agency (FEMA) and with state and tribal historic preservation offices to coordinate disaster recovery efforts for historic properties affected by Hurricanes Harvey and Irma. ACHP also reported that it is working with preservation partners to spur congressional action on supplemental funding and historic tax credits (HTCs) to rehabilitate damaged historic properties. The National Trust for Historic Preservation, in collaboration with the National Conference of State Historic Preservation Officers and the National Association of Tribal Historic Preservation Officers, developed a legislative proposal that includes a proposed two-year preservation grant program that would be funded with at least $150 million from the Historic Preservation Fund. The proposal would also increase the existing HTC for commercial properties for three years from 20 percent to 26 percent for historic properties and from 10 percent to 13 percent for buildings built before 1936. 
April 3, 2017
Periodical News Brief
Sen. Maria Cantwell, D-Wash., Orrin Hatch, R-Utah, and 11 other U.S. senators introduced March 7 the Affordable Housing Credit Improvement Act of 2017. The legislation would include a 50 percent increase in the annual LIHTC allocation, establish a minimum 4 percent credit rate, allow income-averaging, allow states to grant a 30 percent basis boost if needed for bond-financed developments and several other provisions, including renaming the LIHTC as the “Affordable Housing Tax Credit.” The legislation was expected to be introduced in the House of Representatives. Cantwell’s office also released a report, “Meeting the Challenges of the Growing Affordable Housing Crisis,” which highlighted the impact on affordable housing of the record increase of 9 million renters in the past decade, the relatively low rate of rental housing construction, the removal of 13 percent of affordable housing homes since 2001 and stagnant wages.
November 6, 2017
Periodical News Brief
The Advisory Council on Historic Preservation (ACHP) announced Sept. 20 that it was working with the Federal Emergency Management Agency (FEMA) and with state and tribal historic preservation offices to coordinate disaster recovery efforts for historic properties affected by Hurricanes Harvey and Irma. ACHP also reported that it is working with preservation partners to spur congressional action on supplemental funding and historic tax credits (HTCs) to rehabilitate damaged historic properties. The National Trust for Historic Preservation, in collaboration with the National Conference of State Historic Preservation Officers and the National Association of Tribal Historic Preservation Officers, developed a legislative proposal that includes a proposed two-year preservation grant program that would be funded with at least $150 million from the Historic Preservation Fund. The proposal would also increase the existing HTC for commercial properties for three years from 20 percent to 26 percent for historic properties and from 10 percent to 13 percent for buildings built before 1936. 
March 2, 2017
Periodical News Brief
The Native Nations Institute Feb. 1 released the report, “Access to Capital and Credit in Native Communities” and a supplemental data review. Information included in the documents focused on the status of access to capital and credit in American Indian, Alaska Native and Native Hawaiian communities. Specifically, the data describes access to capital and credit for Native consumers, Native business owners and tribal communities and governments. The two-part study is intended to provide research and analysis in support of improving access to capital and credit in Native communities. The data review concludes that Native-controlled community development entities (CDEs) were underrepresented among both applicants and recipients of new markets tax credit (NMTC) awards. Native Nations Institute points out that the success rate of Native CDEs that applied for the credits was lower than that of non-Native CDEs. The report said that the NMTC program has been less available to native CDFIs than the industry hoped. Both documents are available at www.newmarketscredits.com.