Novogradac & Company Llp

Michael J. Novogradac, CPA, updates listeners on tax extenders legislation, federal budget discussions and the Journal of Tax Credits Developments of Distinction Awards. In low-income housing tax credit news, he discusses a 9 percent floor extension passed by the Senate Finance Committee, the U.S. Department of Housing and Urban Development 2013 Fair Market Rents and the 2011 National Volume Cap Report from the Council of Development Finance Agencies. In new markets tax credit news, Mr. Novogradac discusses a new markets tax credit extension passed by the Senate Finance Committee and a support letter from two Republican Congressmen as well as the latest Qualified Equity Investment issuance report. In renewable energy tax credit news, he alerts readers to wind production tax credit and investment tax credit extensions and a 2013 renewable energy proposal from the New England Governors' Conference. Mr. Novogradac wraps up the podcast with historic tax credit news about an extension of the Massachusetts state hi

Michael J. Novogradac, CPA, updates listeners on several Congressional hearings related to tax reform, new legislation, tax-exempt entities and the U.S. Department of Housing and Urban Development's rental housing assistance program. In renewable energy news, he covers the American Advanced Energy Manufacturing Jobs Act (H.R. 6182) and a recent National Renewable Energy Laboratory study. The new markets tax credit discussion features an update on the 2012 application and CDE certification, as well as an opportunity to access Novogradac's 2012 NMTC application webinar. In low-income housing tax credit news, Mr. Novogradac alerts readers to program recommendations from the National Housing Trust and an impending California redevelopment agency dissolution-related deadline. In historic tax credit news, he informs readers of a recent legislative victory in Ohio, a Q&A on Native American Traditional Cultural Landscapes and an upcoming Advisory Council on Historic Preservation meeting.

Michael J. Novogradac, CPA, brings listeners the latest news on tax credit reform, small business tax legislation and the Bush tax cut extensions. In historic tax credit news, he discusses two recent IRS private letter rulings and the Rehabilitation of Public Schools Act. In renewable energy tax credit news, Mr. Novogradac reveals the results of a report on the Section 1603 cash grant program and the solar investment tax credit. In new markets tax credit news, he reminds listeners of upcoming deadlines for the 2012 application round, summarizes the CDFI Fund's latest qualified equity investment issuance report and alerts listeners to a request for comments on the community development entity certification application. Finally, Mr. Novogradac wraps up with a report from the Center on Budget and Policy Priorities about a potential renters' tax credit program.

Michael J. Novogradac, CPA, updates listeners on the latest in tax reform and small business jobs bills as well as tax extenders legislation and the capital gains tax. In new markets tax credit news, he announces the credit's 2012 allocation round and President Obama's proposal to make the NMTC friendlier to small business investment. In the historic tax credit section, Mr. Novogradac discusses the 2012 Rutgers University and Historic Tax Credit Coalition Report on the HTC's economic impact. In the low-income housing tax credit section, he shares the preliminary results of an LIHTC tenant study. In the renewable energy tax credit section, he wraps up with industry efforts to extend the investment tax credit and production tax credit.

Michael J. Novogradac, CPA, updates listeners on the Ways and Means Committee's hearing on the Affordable Care Act, Senate Bill 2237 and a the status of a couple of Treasury Department nominees, and informs listeners about a new Bond Dealers of America tax reform task force. In historic tax credit news, he alerts listeners to a correction related to the National Park Service's proposed fee change and Pennsylvania's new historic tax credit. Low-income housing tax credit news features several U.S. Department of Housing and Urban Development budget updates as well as news about the Colorado wildfires and the new Louisiana Housing Corporation. He wraps up with information about the 2012 new markets tax credit funding round, Ohio's award of state new markets tax credits and a Louisiana tax expenditure study.

Michael J. Novogradac, CPA, updates listeners on the fiscal challenges facing the federal government and on tax reform and extenders hearings. In renewable energy news, he informs readers about a production tax credit support letter and new guidance on qualified energy conservation bonds. In historic tax credit news, he alerts readers to the impending release of Rutgers University's annual report on the historic tax credit and the recent award of state historic tax credits in Ohio. In low-income housing tax credit news, he shares the plaintiff's response to the Texas Department of Housing and Community Affairs remediation plan in its Fair Housing Act case and reveals the results of a study on the economic impact of affordable housing development in New York. Finally, in new markets tax credit news, he updates listeners on the potential release of the NMTC notice of allocation availability. '

Michael J. Novogradac, CPA, updates listeners about the updated Domenici-Rivlin tax plan, the Small Business Jobs and Tax Relief Act (S. 2237) and the new "Robin Hood Tax." In historic tax credit news, he discusses the Historic Boardwalk Hall case, a National Park Service Proposal to increase fees for HTC application reviews and proposed changes to the HTC's in Iowa and New York. In low-income housing tax credit news, Mr. Novogradac informs listeners about a Government Accountability Office report on the Section 1602 tax credit exchange and tax credit assistance programs, a recent report on the country's rent burdens and California Tax Credit Allocation Committee guidance about sustainable building methods. In new markets tax credit news, he alerts listeners to the 2012 New Markets Tax Credit Handbook and a North Carolina new markets tax credit program. Finally, he wraps up in renewable energy with a production tax credit support letter from Sprint and Microsoft, the Office of the Inspector General of the Tre

Michael J. Novogradac, CPA, alerts listeners to a Senate Finance Committee hearing on the fiscal crisis and a discussion of the U.S. Department of Housing and Urban Development's 2013 budget. In new markets tax credit news, he discusses a comment request from CDFI Fund about its Allocation Tracking System and Maine's state NMTC program. In low-income housing tax credit news, he discusses the Federal Housing Finance Agency's new LIHTC-related financing goals, the latest State of the Nation's Housing report and a HUD proposal to cap public housing authorities' executives' salaries. The historic tax credit discussion summarizes a new bill introduced to enhance the credit and the upcoming CAPP Act lobby days. He wraps up with renewable energy and Senator Mark Udall's plan to open each Senate session with a discussion of the production tax credit, as well as an update on a recent Senate hearing on tax reform and energy policy

Michael J. Novogradac, CPA, relays Senator Max Baucus's tax reform proposal and Representative Pat Tiberi's tax extenders hearing. In the new markets tax credit section, he discusses the NMTC Coalition's 2012 progress report and the CDFI Fund's monthly Qualified Equity Investment Issuance Report update. Additionally, he alerts listeners to the Novogradac & Company's new qualified low-income community investment summaries. In the low-income housing tax credit section, he discusses the annual report from the Advisory Committee on TaxExempt and Government Entities, two memos from the California Tax Credit Allocation Committee and North Dakota's Housing Incentive Fund. Mr. Novogradac then discusses historic tax credit news, including Representative Earl Blumenauer's call for the modernization of the historic tax credit, a report from the National Governors Association and the Massachusetts Tax Credit Transparency Report. Finally, he wraps up with a bill introduced that would enable renewable energy investors to f

Michael J. Novogradac, CPA, alerts listeners to a Bipartisan Policy Council event that will include a discussion of comprehensive tax reform and a congressional staff briefing on the new markets tax credit by the Congressional Real Estate Caucus. He also discusses Alabama's new market tax credit program. In low-income housing tax credit news, he discusses comments that the National Council of State Housing Agencies submitted to the IRS on compliance matters and NCSHA's 2012 housing conference. He wraps up with a recent IRS advice memo related to the California redevelopment agencies' dissolution and previously issued bonds. In historic tax credit news, he covers reports on state-level programs in Massachusetts and Rhode Island. Finally, he informs readers about a draft of renewable energy guidance from the Department of Energy, comments that Sens. Grassley and Bingaman made last week regarding the production tax credit and Iowa's Solar Investment Tax Credit.

Michael J. Novogradac, CPA, updates listeners about tax extenders hearings and upcoming Congressional hearings and discusses the Municipal Bond Market Support Act of 2012. In the new markets tax credit section, he reports on potential program regulatory changes and a recent report on access to supermarkets in America. He also highlights a bill intended to increase low-income housing tax credits available to areas affected by Hurricane Irene and Tropical Storm Lee and discusses the U.S. Department of Housing and Urban Development's Unique Building Identifier File and informs listeners about a recent document issued by the Internal Revenue Service that addresses the responsibilities of conduit issuers of tax-exempt bonds. He wraps up low-income housing tax credit news with the latest development in the Texas Department of Housing and Community Affairs' Fair Housing Act case. Finally, he summarizes President Obama's recent visit to Iowa in support of extending the wind energy production tax credit and the 48C ad

Michael J. Novogradac, CPA, discusses statements made last week by lawmakers regarding the debt ceiling, tax extenders and tax reform. Then he updates listeners on the timing of the next new markets tax credit allocation application round and reviews the provisions of a bill that would make low-population census tracts eligible for the NMTC. Next, he discusses a briefing to educate Capitol Hill staff on the benefits of the low-income housing tax credit. He also reviews proposed changes to the Section 8 program and congratulates this year's Charles L. Edson Tax Credit Excellence Award winners. In the renewable energy segment, he describes a bill that would disqualify solar panels manufactured in China from the 30 percent investment tax credit, shares Energy Secretary Steven Chu's remarks calling for an extension of the production tax credit, and provides an important reminder about the timing of applications for renewable energy projects that plan to seek Section 1603 cash Grants. Finally, he updates listeners

Michael J. Novogradac, CPA, discusses two exciting Novogradac & Company additions. He shares recent developments on the prospects for passage of federal tax legislation before the November elections. He then reviews several Congressional hearings, including last week's hearing on federal support for financial institutions and the Volcker Rule, Treasury official confirmation hearings and a hearing planned for this week about tax-exempt entities in the context of tax reform. In the new markets tax credit discussion, he shares two updates related to the new eligible census tract data released for the new markets tax credit program and an item of interest regarding Oregon's newly enacted state new markets tax credit. In the low-income housing tax credit section, he discusses the status of fiscal year 2013 Section 8 project-based funding and a funding opportunity announced recently by the Federal Home Loan Bank of San Francisco. Finally, in the renewable energy segment, he discusses President Obama's recent call f

Michael J. Novogradac, CPA, discusses a hearing that will be held this week on federal support for financial institutions and a policy forum held last week on the topic of tax reform. Then he discusses the much-anticipated release of updated eligible census tract data for the new markets tax credit program and describes the transition period provided by the CDFI Fund for new markets professionals to adjust to the new data. Next, he examines the long-awaited final low-income housing tax credit qualified contract regulations, shares analysis of the newlydesignated 2013 qualified census tracts and briefly discuss low-income housing tax credit property disposition guidance released by the IRS. In the historic tax credit discussion he shares statistics about conservation easement cases currently on the U.S. Tax Court's docket and previews the Advisory Council on Historic Preservation's next quarterly meeting. Finally, in the renewable energy segment, he discusses the provisions of the IMPACT Act, which would exten

Michael J. Novogradac, CPA, discusses last week's congressional hearing on tax extenders, as well as additional remarks made in advance of the hearing by a bipartisan group of lawmakers calling for an extension of the production tax credit. In the low-income housing tax credit segment, he discusses highlights from the National Council of State Housing Agencies' 2012 Legislative Conference. The he shares an announcement from the Historic Tax Credit Coalition, which recently released a new mapping tool that can be of great use to supporters of the historic preservation tax credit. Finally, he discusses the findings of a report released last week about the use of the new markets tax credit in metro and non-metro areas and provides a state level update from Nebraska.

Michael J. Novogradac, CPA, discusses an important update on the implementation of the Volcker Rule and a key congressional hearing that will address tax extenders. In the lowincome housing tax credit section he discusses HUD's announcement that it has designated new qualified census tracts or QCTs for 2013 and reviews the findings of a GAO report about the housing choice voucher program. In the renewable energy segment, he discusses an oversight committee hearing that examined tax incentives for renewable energy. Then he shares some positive comments made by Senator Carl Levin in support of the PTC. In the historic tax credit discussion, he provides update on the proposed Pennsylvania state historic tax credit. And finally, in the new markets tax credit discussion, he shares state level updates from Florida and Missouri.

Michael J. Novogradac, CPA, updates listeners about recent and upcoming Congressional debates and votes, discusses bonus depreciation legislation introduced in the Senate and provides a heads up about a hearing on tax reform planned for next week. He then discusses favorable guidance from the IRS regarding power purchase agreements, the Section 1603 cash grant program, interesting points from the GOP's budget proposal and highlights from a recent global energy investment report. The low-income housing tax credit section includes information about a letter circulated last week by Sens. Cantwell and Snowe that seeks support for S. 1989, the California Tax Credit Allocation Committee's geographic apportionments and a follow up about post-RDA guidance issued by the California Department of Finance. In new markets tax credit news, listeners can hear about state NMTC legislation introduced in Ohio.

Michael J. Novogradac, CPA, discusses the news that the United States now has the highest corporate tax rate in the developed world. Then, he discusses a new rule to determine which nonbank financial companies will be considered systematically important financial institutions (SIFIs). He also discusses the Volcker Rule. Next, he provides a quick status update on the Year 11 discussion that began on March 27, then reviews new guidance from California's Department of Finance about the dissolution of RDAs. In the historic tax credit discussion, he discusses state level updates from Pennsylvania and Illinois. Then, he discusses comment letters submitted to the CDFI Fund about the NMTC program, the most recent QEI Issuance Report, and good news from Florida, where lawmakers raised the program caps for the state new markets tax credit. Finally, he reviews the findings of a report that found that the Section 1603 renewable energy cash grant program supported an average of 52,000 to 75,000 jobs per year, and shares a

Michael J. Novogradac, CPA, discusses a report released last week about community development tax expenditures. He also shares updates on two items from last week: the House vote on the Republican's proposed budget and the Ways and Means Committee's vote on H.R. 9. Then, he reviews a hearing that considered the effect of expirations of renewable energy tax incentives and examines a report issued by the House Committee on Oversight and Government Reform that was very critical of the Department of Energy's oversight of the Section 1705 loan guarantee program. Next, he discusses how states housing tax credit caps will be affected by the IRS's release of updated population estimates, and a rule change that aimed at increasing the private development community's involvement in projects that receive funding from both the LIHTC and Section 202 or 811 programs. Then, he provides a quick update on the Historic Boardwalk Hall case, and two state level updates from Massachusetts and Minnesota. Finally, he discusses the

Michael J. Novogradac, CPA, discusses the House Republicans' proposed fiscal year 2013 budget, an upcoming hearing on tax extenders and a possible delay in the implementation of the Volcker Rule. Then, he discusses CDFI Fund guidance about serving targeted populations and examines the most recent QEI Report. Next, he previews a hearing about the effect of pending expirations of tax incentives on the renewable energy industry, and discusses recent questions raised about the jobs created by the Section 1603 cash grant program. In the low-income housing tax credit section of this week's podcast, he reviews the topics covered in the most recent issue of the IRS's LIHC Newsletter. He also discusses a recent court case in Texas that could have significant implications for the low-income housing tax credit community in that state, and possibly beyond. He also shares an announcement from the USDA about its Section 538 program, and a comment invitation from HUD regarding private-public partnerships used for mixed-fina