Novogradac 2020 Year-End Tax Provisions Webinar

Thursday, January 7, 2021 - 10:00am to 11:30am
January 7, 2021 - 10:00am to 11:30am

This webinar airs from 1 p.m. to 2:30 p.m. ET (10 a.m. to 11:30 a.m. PT)

This webinar 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.

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
CPE information

Registration Rates*

Standard: $115
Nonprofit: $100
Multiple Registrants: $100/person ($85/person for nonprofits)

*The 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.