Novogradac & Company Llp

Michael J. Novogradac, CPA, discusses an important update on the implementation of the Volcker Rule and a key congressional hearing that will address tax extenders. In the lowincome housing tax credit section he discusses HUD's announcement that it has designated new qualified census tracts or QCTs for 2013 and reviews the findings of a GAO report about the housing choice voucher program. In the renewable energy segment, he discusses an oversight committee hearing that examined tax incentives for renewable energy. Then he shares some positive comments made by Senator Carl Levin in support of the PTC. In the historic tax credit discussion, he provides update on the proposed Pennsylvania state historic tax credit. And finally, in the new markets tax credit discussion, he shares state level updates from Florida and Missouri.