Novogradac & Company Llp

In today's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates listeners about progress on the fiscal cliff, including the Bland Bargain and Domenici-Rivlin plan; a report from the Congressional Budget Office report on the taxation of pass-through entities; and upcoming congressional hearings. In low-income housing tax credit news, he discusses the U.S. Department of Housing and Urban Development's release and correction of the fiscal year 2013 income limits and a Government Accountability Office study of Housing and Economic Recovery Act-related changes to the LIHTC program. In renewable energy tax credit news, he discusses an Internal Revenue Service private letter ruling that affects the treatment of power purchase agreements and new regulations on tribal land surface leases. In historic tax credit news, he updates listeners about a New York state historic tax credit bill that has been sent to the governor. Finally, in new markets tax credit news, he covers a qualified equity issuance report an