Novogradac & Company Llp

Michael J. Novogradac, CPA, discusses what's at stake in today's midterm elections and shares another update on tax extenders legislation. Then, he reviews the inflation-adjusted LIHTC and private activity bond caps for 2011; shares the IRS's announcement about the 2010 national pool; summarizes HUD's proposed rules for the national Housing Trust Fund; and shares information a NOFA released by the state of New York. Then, he shares highlights from Rosa Martinez's keynote address the New Markets Tax Credit Investors Conference in Chicago. Next, he discusses a task force that is examining the National Park Service's administration of historic preservation programs, including the historic tax credit. And finally he discusses Sen. Sherrod Brown's call to extend and expand the Section 48C tax credit program, and summarizes a report about jobs created by the geothermal energy industry.