Novogradac & Company Llp

Michael J. Novogradac, CPA, discusses summarizes key provisions in President Barack Obama's proposed budget for fiscal year 2013. He also shares an update on the congressional conference committee negotiating an extension of the payroll tax holiday; reviews last week's hearing on the interaction of tax policy and financial accounting rules; shares details of two new low-income housing tax credit pilot programs; discusses the how California's tax credit allocating agency is dealing with the elimination of redevelopment agencies, and where there has been renewed interest in of tax-exempt housing bonds. Next, he discusses support for an extension of the renewable energy production tax credit; the provisions of the Creating American Prosperity through Preservation Act; and an amendment introduced in the Senate last week that would extend the new markets tax credit for one year through 2012, Congressman Richard Neal's recent comments in support of the New Markets Tax Credit Program, and a video released by Enterpr