Novogradac & Company Llp

Michael J. Novogradac, CPA, discusses the president's tax reform proposal and this week's congressional calendar. Then, he shares highlights of the ninth round of new markets tax credit allocation awards. In the low-income housing tax credit section, he reviews FHFA's plan for Fannie Mae and Freddie Mac and discusses legislation introduced in California to provide a permanent funding source for affordable housing. Next, he discusses a report about the measurement of the economic impact of historic preservation; a report that suggests that a Pennsylvania state historic tax credit would be an economic boon; and the war over tax credits in Missouri. Finally, he discusses the ongoing efforts to extend the renewable energy production tax credit.