Novogradac & Company Llp

Michael J. Novogradac, CPA, alerts listeners to a Bipartisan Policy Council event that will include a discussion of comprehensive tax reform and a congressional staff briefing on the new markets tax credit by the Congressional Real Estate Caucus. He also discusses Alabama's new market tax credit program. In low-income housing tax credit news, he discusses comments that the National Council of State Housing Agencies submitted to the IRS on compliance matters and NCSHA's 2012 housing conference. He wraps up with a recent IRS advice memo related to the California redevelopment agencies' dissolution and previously issued bonds. In historic tax credit news, he covers reports on state-level programs in Massachusetts and Rhode Island. Finally, he informs readers about a draft of renewable energy guidance from the Department of Energy, comments that Sens. Grassley and Bingaman made last week regarding the production tax credit and Iowa's Solar Investment Tax Credit.