September 23, 2014

In this week’s episode of the Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides an update on the status of tax extenders legislation. He also previews a Senate Finance Committee hearing that will examine renewable energy tax policy and discusses proposed changes to Community Reinvestment Act guidance. In the new markets tax credit segment, he reminds listeners about the upcoming allocation application deadline and talks about an Ohio bill to decouple state tax credits from their federal counterparts. In the historic tax credit discussion, he reviews some of the updates in the just-published 2014 Novogradac Historic Rehabilitation Handbook. Then, he updates listeners on congressional support for legislation to permanently extend the 9 percent low-income housing tax credit rate floor and create a new 4 percent rate floor. The renewable energy tax credit section touches on how the production tax credit extension is factoring into a midterm election race in North Dakota and shares highlights about the current solar energy market.