Novogradac & Company Llp

Michael J. Novogradac, CPA, reviews two hearings on tax reform and alerts listeners to the opportunity to request guidance from the Internal Revenue Service. Then, he shares an announcement about an upcoming conference focused on the Community Reinvestment Act, and important information for affordable housing property owners in Kentucky related to the recent tornadoes. Next, he shares good news from New Jersey, where a proposed state historic tax credit was passed out of committee last week. He also discusses more than $49 million in historic preservation grants awarded by Interior Secretary Ken Salazar. In the renewable energy segment, he discusses the status of an amendment that will be voted on in the Senate this week to extend the production tax credit and Section 1603 cash grant program. Finally, he shares a related update about an amendment to extend the new markets tax credit. He also discusses the CDFI Fund's plans to update program eligibility criteria based on new Census data. '