Novogradac & Company Llp

Michael J. Novogradac, CPA, discusses the news that the United States now has the highest corporate tax rate in the developed world. Then, he discusses a new rule to determine which nonbank financial companies will be considered systematically important financial institutions (SIFIs). He also discusses the Volcker Rule. Next, he provides a quick status update on the Year 11 discussion that began on March 27, then reviews new guidance from California's Department of Finance about the dissolution of RDAs. In the historic tax credit discussion, he discusses state level updates from Pennsylvania and Illinois. Then, he discusses comment letters submitted to the CDFI Fund about the NMTC program, the most recent QEI Issuance Report, and good news from Florida, where lawmakers raised the program caps for the state new markets tax credit. Finally, he reviews the findings of a report that found that the Section 1603 renewable energy cash grant program supported an average of 52,000 to 75,000 jobs per year, and shares a