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Novogradac 2020 Year-End Tax Provisions Webinar Recording (Jan 2021)
This webinar recording addresses affordable housing, community development, renewable energy and energy efficiency tax provisions included in the fiscal year (FY) 2021 Omnibus Appropriations and COVID-19 Relief Legislation.
Original Air Date: January 7, 2021
Duration: 1.5 hours
Access to Recording Expires: January 7, 2022
Instructors
Michael Novogradac, CPA
Managing Partner
Novogradac
Nat Eng, CPA
Partner
Novogradac
Dirk Wallace, CPA
Partner
Novogradac
Karen Destorel
Tax Policy Research Associate, Public Policy
Novogradac
Peter Lawrence
Director of Public Policy and Government Relations
Novogradac
Topics Covered
Low-income housing tax credits
- 4% floor, with a focus on the effective date
- Disaster LIHTC authority; additional states beyond California-only and more flexible timeline; new precedent of Congress 10% test deadline for properties in disaster areas
- Benefit of 30-year ADS depreciation being expanded to properties placed in service before Jan. 1, 2018
New markets tax credits
- Five-year extension at $5 billion per year
Renewable energy tax credits
- PTC extension at 60% through end of 2021
- ITC extension at 26% through end of 2022
- Waste heat to power added to ITC eligibility
- Offshore wind extended to end of 2025 at 30%
Carbon credits
Energy efficiency
- IRC Section 179D commercial property deduction for energy efficiency improvements made permanent
- Can be used for multifamily housing
- Energy efficiency standards updated annually
- Per square foot credit indexed for inflation
- IRC Section 45L new energy efficient home tax credit extended through end of 2021
- $2,000 per-unit tax credit
Target Audience
All parties involved in community development tax incentives—developers, lenders, investors, government officials, attorneys, accountants, and others.
Terms and Conditions
Receiving Login Info and Handouts
Registration Rates*
Standard: $115
Nonprofit: $100
Multiple Registrants: $100/person ($85/person for nonprofits)
For questions or registration assistance, please contact us at 415-356-7960 or email [email protected]
*The standard and nonprofit registration fee for live online webinars and for webinar recordings covers a SINGLE VIEWER ONLY. If multiple persons within an organization wish to view the webinar and/or its recording (regardless of whether they view it on a single computer or multiple computers), the organization must purchase a registration for each person.
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