Novogradac & Company Llp

Michael J. Novogradac, CPA, discusses the status of deficit reduction talks in Washington, D.C. Then, he shares several announcements related to low-income housing tax credits being used to provide relief to the victims of recent storms, tornadoes and flooding that have devastated numerous states. Next, he review the new resources made available last week to New Markets Tax Credit applicants. In the renewable energy tax credit discussion, he shares some of the findings of a report about the production tax credit and its effect on non-renewable energy sources in windier states. And finally, in historic tax credit news, he gives a quick update on the status of historic tax credit modernization legislation.