Novogradac & Company Llp

Michael J. Novogradac, CPA, provides a preview of the first month of the second session of the 112th Congress and a reminder about an extended opportunity to comment on the Volcker Rule. Then he reviews the latest issue of the IRS's LIHC Newsletter, discusses increases in state private activity bond volume caps, and the IRS's tax-exempt bond work plan for 2012. He also examines what a recent ruling about redevelopment agencies means for affordable housing development in California. Then, he discusses the seventh round of state historic tax credit awards in Ohio. Finally, he reviews a report about uncertainty over the production tax credit's extension and discusses the latest update from the Oklahoma Task Force for the Study of State Tax Credits and Economic Incentives.