Novogradac & Company Llp

Michael J. Novogradac, CPA, shares update on the status of federal funding negotiations in Congress; reviews details of the much-anticipated eighth round of new markets tax credit allocations; discusses state historic tax credit developments in Michigan, New Jersey and Minnesota; examines a recent article about tax reform that erroneously asserts that the burden of eliminating the LIHTC would fall most heavily on the finance and insurance industries; and shares some good news for the renewable energy community in New Jersey, where the state department of revenue recently confirmed that Section 1603 grants are not taxable for state purposes.