Novogradac & Company Llp

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, explores possible successors to House Ways and Means Committee Chairman Dave Camp and potential reform at Fannie Mae and Freddie Mac. In low-income housing tax credit news, he discusses legislation that would alter tenant eligibility rules for low-income housing tax credit housing, legislation to create a low-income housing tax credit in Washington, D.C. and an audit of Missouri's low-income housing tax credit program. In new markets tax credit news, he alerts listeners to a recent job announcement from the Community Development Financial Institutions Fund and a letter from the New Markets Tax Credit Coalition that asks congressional leaders to extend the program. In historic tax credit news, he shares information about the National Park Service's annual report on the historic tax credit program, an Advisory Council on Historic Preservation report on protecting cities as they adjust to the changing economy, an update on potential Tennessee

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses President Obama's fiscal year 2015 budget proposal and discuss possible candidates for the next House Ways and Means Committee Chairman. In low-income housing tax credit news, he discusses the U.S. Department of Housing and Urban Development and low-income housing tax credit provisions in the president's budget, as well as legislation that would create an Oklahoma lowincome housing tax credit. In new markets tax credit news, he shares the president's plans for the new markets tax credit program and a new tax credit program, as well as the latest Qualified Equity Investment Issuance Report and a request for information about community development entities' 2013 new markets tax credit program activities. In historic tax credit news, he shares information about a sign-on letter sent in response to Rep. Camp's proposal to eliminate the historic tax credit, information about conservation easements from the FY 2015 budget proposal and

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses House Ways and Means Committee Chairman Dave Camp's release of a discussion draft of tax code reform proposals and a little about the fiscal year 2015 budget. In low-income housing tax credit news, he analyzes the calendar year 2014 population estimates, discusses the extension of the Physical Inspection Pilot program and alerts listeners to changes in Ohio's policies for change of management or ownership of LIHTC properties. In new markets tax credit news, he alerts listeners to a change in the amount of allocation authority the Community Development Financial Institutions Fund will award this year. In historic tax credit news, he discusses a recent U.S. Tax Court case in which the court ruled that a state tax credit transaction was a disguised sale. In renewable energy tax credit news, he shares responses from the U.S. Department of the Treasury about the possibly of using investment or production tax credits to offset lower am

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses a memo from Ways and Means Committee Chairman Dave Camp about tax reform legislation that he plans to introduce this week. In low-income housing tax credit news, he shares an update about the Neighborhood Stabilization program, the latest about the Colorado low-income housing tax credit and a call for entries in Charles L. Edson Tax Credit Excellence Awards. In historic tax credit news, he alerts listeners to an upcoming Advisory Council on Historic Preservation meeting and changes to legislation that would create a Nebraska historic tax credit. In renewable energy tax credit news, he shares information about the Novogradac Renewable Energy Conference. In new markets tax credit news, he reminds listeners about a sign-on letter from the New Markets Tax Credit Coalition that requests an extension of the program and a request for comments on the NMTC program allocation application from the Community Development Financial Institution

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the latest periodic raising of the debt limit, the Congressional Budget Office's Budget Outlook 2014-2024, Sen. Ron Wyden's takeover of the Senate Finance Committee and tax reform. In low-income housing tax credit news, he alerts listeners to congressional efforts to reform Freddie Mac and Fannie Mae and an upcoming Novogradac & Company LIHTC compliance webinar. In new markets tax credit news, he encourages listeners to sign on to a letter from the NMTC Coalition that asks Congress to extend the new markets tax credit, and he shares information about a new co-sponsor for the New Markets Tax Credit Extension of 2013 (S. 1133) and a plan to double the Kentucky new markets tax credit. In renewable energy news, he discusses the introduction of the Renewable Energy Parity Act of 2014 (S. 2003). In historic tax credit news, he shares the results of a report about the use of state historic tax credits in Virginia.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the latest about the debt limit and the confirmation of Sen. Max Baucus as the next U.S. ambassador to China and what it might mean for tax reform. In new markets tax credit news, he shares news about legislation that would permanently extend the New Markets Tax Credit program, a report on the Community Development Financial Institutions Fund's release of comments on its Community Investment Impact System and compliance reporting, and February's Qualified Equity Investment Issuance Report. In our low-income housing tax credit news, he covers the passage of the Agriculture Act of 2014 and an additional co-sponsor of the Low-Income Housing Tax Credit Rate Act. In renewable energy tax credit news, he shares the results of a report from the Treasury Inspector General for Tax Administration about potential double dipping in the Section 1603 grant program and a report from the American Wind Energy Association about activity in the wind

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses President Obama's State of the Union address, the fiscal year 2015 budget and another call from lawmakers for tax extenders legislation. In low-income housing tax credit news, he shares a letter that 33 Democratic senators sent to Federal Housing Finance Agency Director Mel Watt asking Watt to begin contributing to the National Housing Trust Fund and the Capital Magnet Fund, as well as a proposed state low-income housing tax credit in Colorado. In historic tax credit news, he shares a report from an Oregon historic preservation advocacy group that shows the impact a state historic tax credit could have for cities and towns throughout the state. In renewable energy tax credit news, he discusses calls for production tax credit and investment tax credit extensions from the Advance Energy Economy and the Center for the New Energy Economy at Colorado State University, and a report from the Solar Foundation that cites the number of job

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses a letter from Treasury Secretary Jacob Lew that asks Congress to address the debt limit before Treasury once again has to use extraordinary measure to keep the country funded; reveal information about a one-month delay of the release of the President's fiscal year 2015 budget and remind listeners about the 2014 State of the Union address; and share thoughts about extenders legislation. In low-income housing tax credit news, he alerts listeners to the release of a report from Enterprise Community Partners and the Urban Land Institute that examines the cost of building affordable housing and shares a request for comments about setting a baseline for renewable energy capacity at public housing units and multifamily housing portfolios from the U.S. Department of Housing and Urban Development. In historic tax credit news, he has information about more than $2.2 million in historic preservation grants that the National Park Service has

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the federal fiscal year 2014 budget, tax extenders and a request from nearly 30 congressional representatives to hold hearings on poverty in America. In low-income housing tax credit news, he alerts listeners to the release of Accounting Standards Update No. 2014-01, which contains the new guidelines for accounting for low-income housing tax credit investments, and discusses a letter to Sen. Max Baucus from the LIHTC Working Group that addresses his proposed tax reform measures. In historic tax credit news, he shares information about a new Section 106 toolkit from the Advisory Council on Historic Preservation and recaps a Cincinnati event that highlighted the use of Ohio's state historic tax credits. In renewable energy tax credit news, he has an update on Oregon's Business Energy Tax Credit program. In new markets tax credit news, he shares a request from the CDFI Fund for comments about the New Markets Tax Credit program appli

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses an update on the federal fiscal year 2014 and 2015 budgets and the looming debt ceiling. In low-income housing tax credit news, he alerts listeners to a 2014 audit from the Treasury Inspector General for Tax Administration Office of Inspections and Evaluations on the Tax Credit Assistance program (TCAP). In historic tax credit news, he informs listeners about an update to Revenue Procedure 2014-12, the safe harbor guidance for historic tax credit partnerships, and he shares state level news from Alabama and a summary of a recent U.S. Tax Court decision about the transfer of state historic tax credits between partners. In new markets tax credit news, he shares information about a bill that would extend the New Markets Tax Credit program and provide additional allocation for communities affected by the loss of manufacturing jobs and discusses the retirement of long-time new markets tax credit supporter Rep. Jim Gerlach.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the fiscal year 2014 budget, a potential change in Senate Finance Committee leadership and a new report about the success of community development financing tools. In historic tax credit news, he discusses long-awaited safe harbor guidance from the Internal Revenue Service, as well as a prototype programmatic agreement from the Advisory Council on Historic Preservation, Rhode Island's newest historic tax credit awardees and the Rural Heritage Conservation Act of 2013.In new markets tax credit news, he has information from the Community Development Financial Institutions Fund's latest Qualified Equity Investment Issuance Report, a study about how new markets tax credits could be used to help end obesity and a bill that would qualify more census tracts for new markets tax credits. In low-income housing tax credit news, he shares information about income-qualified households from Low-Income Housing Credit Newsletter #54 and a report

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with a recap of the latest from Capitol Hill about the fiscal year 2014 budget, tax reform and the Volcker Rule. In low-income housing tax credit news, he discusses the Financial Accounting Standards Board's ratification of the generally accepted accounting principles changes for low-income housing tax credit investments, updates listeners on the U.S. Department of Housing and Urban Development 2014 rent and income limits and provides information about a Harvard University's Joint Center of Housing Studies report on affordable housing. In new markets tax credit news, he shares a report from Rapoza Associates about projects completed by community development corporations and provides an update about the Community Development Financial Institutions Fund's CDFI Information Mapping System upgrade. In historic tax credit news, he shares information about a recommendation to cap Maine's historic tax credit program, an increase in Wisconsi

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides a recap of the latest discussions about the fiscal year 2014 budget, tax reform and the debt ceiling. In lowincome housing tax credit news, he shares information about a new program for increasing energy efficiency in multifamily housing and the Office of the Comptroller of the Currency's release of its first 2014 Community Reinvestment Act examination schedule, as well as the potential release of the U.S. Department of Housing and Urban Development 2014 rent and income limits and the nomination of Mel Watt as director of the Federal Housing Finance Agency. In new markets tax credit news, he provides an update about the Community Development Financial Institutions Fund's CDFI Information Mapping System upgrade and the latest Qualified Equity Investment Issuance report. In our historic tax credit news, he shares the results of a study of the use of the federal historic tax credit in Ohio. In renewable energy tax credit news, he dis

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares information about the Nov. 13 Budget Conference Committee meeting. In new markets tax credit news, he has information about a series of Capacity Building Initiative workshops and an update on the New Markets Tax Credit Military Installation Act of 2013. In historic tax credit news, he shares the results of a study of public schools in Virginia that could benefit from a change to the prior use rule and the results of a review of New York's tax credits. In low-income housing tax credit news, he discusses a report from Enterprise and the Urban Land Institute that studies the cost of affordable housing development and suggests ways to contain those costs. In renewable energy tax credit news, he discusses a report from the National Renewable Energy Laboratory about challenges master limited partnerships and real estate investment trusts face when financing renewable energy assets and a request for comments on Internal Revenue Service For

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses Sen. Max Baucus's tax reform discussion drafts, including cost recovery periods and how they could affect the low-income housing tax credit, and JCX-17-13. In new markets tax credit news, I have a study from the Urban Institute on the effectiveness of the first four years of the New Markets Tax Credit program and the Nevada New Markets Tax Credit program. In historic tax credit news, he reports on efforts to expand the Indiana historic tax credit program. In low-income housing tax credit news, he discusses a National Low Income Housing Coalition report on homelessness among veterans and a comment letter that the LIHTC Working Group sent to the Internal Revenue Service about establishing utility allowances. In renewable energy tax credit news, he reports on the Bipartisan Policy Center's call to phase-out the production tax credit

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the Financial Accounting Standards Board's Emerging Issues Task Force's decision to allow changes in how to account for tax credit investments, recently issued Community Reinvestment Act guidance and the latest information about tax reform. In low-income housing tax credit news, he details the release of the 2014 difficult development areas (DDAs) and a Congressional Budget Office proposal about the deficit reduction savings from the repeal of the low-income housing tax credit. In historic tax credit news, he has information about the latest Advisory Council on Historic Preservation meeting and legislation in Wisconsin that would double the state's historic tax credit. In new markets tax credit news, he shares remarks from Comptroller of the Currency Thomas Curry about how the new markets tax credit can be used by banks to meet Community Reinvestment Act requirements. In renewable energy tax credit news, he alerts listeners to th

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the latest reports on tax reform and an upcoming budget conference committee hearing, as well as the Financial Accounting Standards Board Emerging Issues Task Force's upcoming meeting about accounting for tax credit investments. In low-income housing tax credit news, he discusses the impending release of the 2014 qualified census tracts and difficult development areas, and a housing finance reform hearing. In historic tax credit news, he alerts listeners to Sen. Angus King of Maine's support of the Rural Heritage Conservation Act. In renewable energy tax credit news, he discusses new solar project contract templates that could reduce costs for solar projects and a newsletter from the Office of the Comptroller of the Currency about public welfare investments in wind energy. In new markets tax credit news, he alerts listeners to the Community Financial Institutions Fund's delay of its launch of the third version of the CDFI Informa

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the first meeting of the Budget Conference Committee, tax reform and a potential vote on the Volcker rule. In new markets tax credit news, he shares a letter from 70 Representatives that urges the permanent extension of the New Markets Tax Credit program, discusses legislation that would set-aside new markets tax credits for projects in areas affected by military base closures and discloses information about a request for comments about the Community Development Financial Institutions Fund Bond Guarantee program. In low-income housing tax credit news, he shares the calendar year 2014 low-income housing tax credit and private activity bond caps, as well as Sen. Mike Crapo's support for legislation that would make the 9 percent floor permanent. In historic tax credit news, he discusses a report from Sen. Tom Coburn that addresses some of the costs of the historic tax credit program.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses tax credit reform. In new markets tax credit news, he shares information about the applications that the Community Development Financial Institutions Fund received for the 2013/2014 allocation round. In low-income housing tax credit news, he discusses Low-Income Housing Credit Newsletter #53, a favorable property tax court ruling in Mississippi and the possible extension of California's readiness deadline. In renewable energy tax credit news, he discusses a report from the Interstate Renewable Energy Council about trends in renewable energy and a letter from the Western Governors' Association requesting a change to the production tax credit. In historic tax credit news, he has an update on the Internal Revenue Service's safe harbor guidance for historic tax credit transactions.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses tax credit reform, the end of the government shutdown and the raising of the debt ceiling, and Basel III minimum capital requirements. In new markets tax credit news, he discusses an upgrade to the Community Development Financial Institutions Fund's Information Mapping System and a request from the CDFI Fund for 2013/2014 new markets tax credit application reviewers. In lowincome housing tax credit news, he shares information about a California law that allows developers of special needs housing to get state tax credits. In renewable energy tax credit news, he discusses a report from the Solar Energy Industry Association about commercial solar installations. In historic tax credit news, he discusses a report about building reuse in Los Angeles and legislation in Wisconsin that would double the state's historic tax credit percentage.