Novogradac & Company Llp

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the federal government shutdown and the looming debt ceiling. In new markets tax credit news, he shares the latest qualified equity investment issuance report. In low-income housing tax credit news, he discusses a hearing about the future of Fannie Mae and Freddie Mac and multifamily housing development and shares a letter that the New York State Association of Affordable Housing is sending to Sen. Chuck Schumer urging him to introduce a Hurricane Sandy relief bill. In renewable energy tax credit news, he discusses a report from the Interstate Renewable Energy Council about the photovoltaic system approval process and changes to the Louisiana Solar Electric System Income Tax Credit program. In historic tax credit news, he shares the results of Alabama's historic tax credit review lottery.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the federal government shutdown and the looming debt ceiling. In new markets tax credit news, he shares the first round of allocatees and issuers under the Community Development Financial Institutions Fund Bond Guarantee program and the opening of Nevada's first new markets tax credit allocation round. In low-income housing tax credit news, he alerts listeners to the U.S. Department of Housing and Urban Development's release of the final fiscal year 2014 fair market rents and the Internal Revenue Service's suspension of program occupancy requirements in areas affected by severe storms in Colorado. In renewable energy news, he discusses a recent House Oversight and Government Reform Subcommittee hearing on energy policy and the fate of the production tax credit. In historic tax credit news, he shares a petition requesting the end of the government shutdown that the National Trust for Historic Preservation is sending to Congress.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the federal government shutdown and its effects on tax credit programs and the U.S. Department of Housing and Urban Development programs. In renewable energy news, he shares new guidance from the Internal Revenue Service on "begin-construction" requirements for the production tax credit and a recent transaction spurred by the credit's extension; he also alerts listeners to an upcoming hearing about the credit. In low-income housing tax credit news, he covers a federal subsidy that the Federal Housing Administration will be taking and the fiscal year 2014 mortgage insurance premiums. In new markets tax credit news, he alerts listeners to a new program extension support letter that is being circulated in the House of Representatives. In historic tax credit news, he shares the findings of a study on the use of historic tax credits in predominantly African-American neighborhoods and the opening of the Alabama historic tax credit prog

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates listeners on the fiscal year 2014 budget and the approaching debt ceiling, and the Volcker Rule. In lowincome housing tax credit news, he discusses proposed regulations from the Internal Revenue Service and an upcoming hearing about tax-exempt bond arbitrage rebate regulations, as well as two Senators' visit to tribal lands in Montana. In renewable energy tax credit news, he shares recent guidance from the Office of the Comptroller of the Currency about public welfare investments in wind energy projects. In new markets tax credit news, he discloses the record number of signatories to a letter that the New Markets Tax Credit Coalition has sent to Congress in support of the program. In historic tax credit news, he reveals that the Advisory Council on Historic Preservation has released a Section 106 toolkit.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares news about legislation and continuing resolutions that could provide funding for fiscal year 2014 and changes to the rural housing determinations that could affect rural properties. In low-income housing tax credit news, he discusses the Financial Accounting Standards Board's Emerging Issues Task Force's debate about accounting for the low-income housing tax credit. In renewable energy tax credit news, he covers the possibility of additional IRS guidance on the production tax credit, as well as a recent report that shows that wind farms do not impact house values. In historic tax credit news, he discusses a fiscal year 2013 report from Missouri about the use of state historic tax credits and low-income housing tax credits. In new markets tax credit news, he alerts listeners to the opening of Nebraska's new markets tax credit program's allocation round.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates Congress's return to session and the issues that they are facing in the next few weeks. In low-income housing tax credit news, he discusses discuss the Financial Accounting Standards Board's Emerging Issues Task Force's meeting this week to make a final ruling on amendments affecting the low-income housing tax credit, and the U.S. Department of Housing and Urban Development's decision to eliminate audits for small multifamily developments. In historic tax credit news, he shares information about Virginia Gov. Bob McDonnell's campaign to change the historic tax credit so that it can be used for school modernization projects, as well as a reminder about next week's fast-approaching Historic Tax Credit Conference in Detroit. In new markets tax credit news, he alert listeners to the latest Qualified Equity Investment Report from the CDFI Fund and some key dates for the 2013/2014 NMTC application round.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, informs listeners about the next stop on Senate Finance Committee Chairman Max Baucus and House Ways and Means Chairman Dave Camp's tax reform tour and about Treasury Secretary Jacob Lew's request that Congress raise the debt ceiling. In low-income housing tax credit news, he discusses the U.S. Department of Housing and Urban Development's changes to Handbook 4350.3, as well as the Internal Revenue Service's LIHC Newsletter #52 and request for comments about the LIHTC program's utility allowances and carryover agreements. In new markets tax credit news, he alerts listeners to a new NMTC Insights report on the investment potential of new markets tax credits and a request for comments on how the CDFI Fund collects information on projects. In historic tax credit news, he has a state level update from Rhode Island, which has awarded its first historic tax credits since 2008. In renewable energy tax credit news, he shares information about a ne

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares comments that Senate Finance Committee Chairman Max Baucus last week made about the new markets tax credit and tax reform. In low-income housing tax credit news, he discusses the U.S. Department of Housing and Urban Development's Hurricane Sandy Rebuilding Strategy. In historic tax credit news, he has a state-level update from Kentucky about the use of the state and federal historic tax credits and alerts listeners to a recently announced National Park Service workshop taking place in Detroit next month. In new markets tax credit news, he tells listeners about an updated 2013/2014 NMTC application question and answer document from the Community Development Financial Institutions Fund. In renewable energy tax credit news, he shares the contents of a letter from more than 60 Representatives and several industry organizations requesting tax credit certainty.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares with listeners updates to the Treasury Department's 2013-2014 priority guidance plan. In low-income housing tax credit news, he discusses new Hurricane Irene and Tropical Storm Lee relief legislation, a report about the use of low-income housing tax credits in rural areas and an Internal Revenue Service phone forum on tax-exempt bonds and post-issuance compliance. In new markets tax credit news, he alerts listeners to some of the resources that Novogradac & Company offers to increase the effectiveness of 2013/2014 NMTC applications. In historic tax credit news, he shares a state level update from Massachusetts about the use of the state's historic rehabilitation tax credit in 2012. In renewable energy tax credit news, he discusses energy tax credit legislation that was recently introduced in the House.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates listeners about three new tax reform letters from Senators and on congressional activities. In low-income housing tax credit news, he analyzes the proposed fiscal year 2014 Fair Market Rents and alerts listeners to a lack of funding for the Section 521 Rental Assistance program. In new markets tax credit news, he reminds listeners of upcoming 2013/2014 allocation round deadlines and the release of the electronic application, as well as discusses the latest qualified equity investment issuance report, including a recent change to the information included in the monthly report. In historic tax credit news, he discusses legislation to incentivize installing elevators and sprinklers in historic buildings, provides state level updates from North and South Carolina, and informs listeners about a National Park Service video about the historic tax credit program. In renewable energy tax credit news, he reveals the results of an American Wi

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses lawmakers' responses to Sens. Max Baucus and Orrin Hatch's request for tax reform proposals, a Treasury Inspector General for Tax Administration audit of the potential for improper or fraudulent bond tax credit claims and upcoming legislative deadlines. In low-income housing tax credit news, he alerts listeners to legislation introduced to make permanent a fixed floor for the 9 percent and 4 percent tax credits and to increase LIHTC allocations to tribal areas, as well as the U.S. Department of Housing and Urban Development's release of its proposed fiscal year 2014 fair market rents. In historic tax credit news, he reveals the results of the National Park Service and Rutgers University's 2012 report on the use of HTCs and Vermont's award of its 2014 Downtown Historic Tax Credits. In new markets tax credit news, he encourages listeners to sign on to the New Markets Tax Credit Coalition's advocacy letter to support the NMTC progra

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates listeners about House Ways and Means Committee Chairman Dave Camp and Senate Finance Committee Chairman Max Baucus's tax reform tour and 18 Senators' responses to the call for proposals, as well as industry groups' responses to those proposals. In new markets tax credit news, he alerts listeners to the opening of the 2013 and 2014 allocation rounds. In historic tax credit news, he discusses a conservation easement case and legislation introduced to make the conservation easement incentive permanent, and he announces the reinstatement of Rhode Island's historic preservation tax credit. In low-income housing tax credit news, he discusses the U.S. Department of Housing and Urban Development's first major change to the HOME program since 1996. In renewable energy tax credit news, he alerts listeners to a Senate committee hearing on principles for energy tax reform, an update on renewable energy generation as compared to conventional en

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides updates on tax reform and the debt ceiling. In new markets tax credit news, he reminds listeners that the 11th round of new markets tax credit allocations is expected to open soon. In renewable energy tax credit news, he alerts listeners to the House version of the Biomass Thermal Utilization Act of 2013. In low-income housing tax credit news, he discusses Democrats housing finance reform principles and new U.S. Department of Housing and Urban Development fair housing rules. In historic tax credits, he recaps use of the Missouri state historic tax credit in fiscal year 2013 and calendar year 2012

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, encourages listeners to sign on to organizational support letters for the low-income housing tax credit and new markets tax credit. In low-income housing tax credit news, he alerts listeners to a survey on the LIHTC program that the Community Development Department at the Federal Reserve Bank of St. Louis is conducting and to the Federal Housing Administration's recently announced priorities for its remaining fiscal year 2013 multifamily commitment authority. In new markets tax credit news, he shares the recipients of the fourth round of the state's new markets tax credits and he encourages the public to provide input to the NMTC Working Group. In historic tax credit news, he reports additional support for The Rural Heritage Conservation Act of 2013 (S. 526) and he reminds listeners to nominate projects for the Journal of Tax Credits Historic Rehabilitation Awards.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the kickoff of House Ways and Means Committee Chairman Dave Camp and Senate Finance Committee Chairman Max Baucus's tax reform tour and the soon-to-be-implemented Basel III regulations. In new markets tax credit news, he shares recently released data from the Community Development Financial Institutions Fund about NMTC projects through 2011 and an update on the NMTC market and credit pricing. In historic tax credit news, he alerts listeners to an upcoming meeting of the Advisory Council on Historic Preservation and to an increase in areas eligible for the New York historic tax credit. In low-income housing tax credit news, he tells listeners about a Novogradac and Company Year 15 webinar and a new bridge and construction loan program for multifamily properties in Kentucky. In renewable energy tax credit news, he discusses the recently introduced Qualifying Renewable Chemical Production Tax Credit Act of 2013 (S. 1267) and an Amer

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses proposed "blank slate" tax reform and the upcoming dates for Congress. In renewable energy tax credit news, he covers the Prioritizing Energy Efficient Renewables (PEER) Act, which would permanently extend the production tax credit, and the Solar Uniting Neighborhoods (SUN) Act, which would make solar systems installed off-site eligible for the residential renewable energy tax credit. In historic tax credit news, he alerts listeners to upcoming National Park Service's Technical Preservation Services educational webinars and the potential reinstatement of Rhode Island's historic tax credit. In low-income housing tax credit news, he discusses an annual housing report from the Harvard Joint Center for Housing Studies and what's next for the farm bill in the House. In new markets tax credit news, he alerts listeners to CDFI Bond Guarantee Program update, including new information sessions and legal documents.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses building momentum for tax reform and what may need to happen for tax reform to be successful this year. In historic tax credit news, he alerts listeners to the reintroduction of the Creating American Prosperity Through Preservation Act, or CAPP Act, as well as an update on promised guidance from the Internal Revenue Service on safe harbor for HTC transactions. In low-income housing tax credit news, he explores a final rule that the U.S. Department of Housing and Urban Development has issued on the Section 202 and Section 811 programs and how that affects LIHTC properties. In new markets tax credit news, he alerts listeners to a conference recording of the Novogradac Spring New Markets Tax Credit Conference, this month's Qualified Equity Investment Issuance Report and a correction from Treasury about the master servicer/trustee application for the CDFI Bond Guarantee Program.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the comment letters submitted in response to the Financial Accounting Standards Board's exposure draft of the proposed accounting standards update regarding affordable housing investments. In new markets tax credit news, he alerts listeners to a bill to make the new markets tax credit permanent and to the launch of the CDFI Bond Guarantee program. In historic tax credit news, he discusses an extension of Louisiana's historic tax credit and reminds listeners that there is still time to nominate projects for the Novogradac Journal of Tax Credits Historic Rehabilitation Awards. In low-income housing tax credit news, he invites listeners to Novogradac's first Nonprofit Developers Conference and updates them on the fiscal year 2014 farm bill, which includes a rural status provision. In renewable energy tax credit news, he talks about the Solar Energy Industries Association's Q1 2013 report on solar energy installed and a Nebraska sale

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the start of the fiscal year 2015 budget process and two Congressional hearings: a House Financial Services Committee hearing on alternative housing finance models and a Ways and Means Committee hearing on tax reform. In new markets tax credit news, he alerts listeners to the end of the census tract transition period and the New Markets Tax Credit Coalition's 2013 NMTC Progress Report. In renewable energy tax credit news, he tells listeners about the National Renewable Energy Laboratory 2012 Utility Green Power Leaders. In historic tax credit news, he reminds listeners that there is still time to nominate developments for the Novogradac Journal of Tax Credits Historic Rehabilitation Awards. In low-income housing tax credit news, he reports on the National Association of Home Builders annual legislative conference at which more than 750 builders urged Congress to support policies that sustain the housing recovery and increase the

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, in new markets tax credit news, discusses non-real estate investment guidance from the Internal Revenue Service and encourages people to send their comments on the new markets tax credit to TaxReform.gov. In historic tax credit news, he explains a bill introduced to expand and increase the historic tax credit and a Texas historic tax credit bill that has been sent to the governor, as well as a report on the benefit of the historic tax credit in Montana. In low-income tax credit news, he alerts listeners to the IRS's suspension of certain requirements in Oklahoma and to a new tool to evaluate syndicators. In renewable energy tax credit news, he covers the recently introduced Storage Technology for Renewable and Green Energy Act, which would create a 30 percent tax credit for technologies that store energy from renewable sources for use during offpeak hours.