Novogradac & Company Llp

Michael J. Novogradac, CPA, discusses a recent colloquy on the Senate floor that has direct implications for the future of tax extenders in the context of tax reform. He also shares an update on the federal budget process. Then, he discusses the status of the new markets tax credit extension and last week's votes on energy tax extenders. He also discusses new guidance released by the IRS on Section 1603 cash grants, and state news from Florida. Next, he shares the apartment industry's legislative priorities for the year and examines a bill introduced in Congress that is related to the redevelopment agency saga in California. Finally, he shares some findings from the most recent Out of Reach report published by the National Low Income Housing Coalition.