Novogradac & Company Llp

Michael J. Novogradac, CPA, discusses the agreement reached on a long-term extension of the payroll tax holiday, Volcker Rule comment letters and a deadline reminder for listeners who do business in Puerto Rico. Then, talks about the ongoing efforts to extend the production tax credit, reviews an audit of the Section 1705 loan guarantee program and shares a scheduling update for listeners in Oregon. Next, he reviews the HUD and low-income housing tax credit section provisions of the proposed budget for fiscal year 2013, invites listeners to nominate properties for the 18th Annual Charles L. Edson Tax Credit Excellence Awards, and reviews the findings of two reports that examine the economic effect of the LIHTC in Georgia and New Hampshire. He also reviews the findings of a report about historic tax credit recapture rates and discusses state historic tax credit legislation in Minnesota, Rhode Island and Alabama. Finally, he reviews the latest new markets tax credit QEI issuance report.