Novogradac & Company Llp

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses Sen. Max Baucus's tax reform discussion drafts, including cost recovery periods and how they could affect the low-income housing tax credit, and JCX-17-13. In new markets tax credit news, I have a study from the Urban Institute on the effectiveness of the first four years of the New Markets Tax Credit program and the Nevada New Markets Tax Credit program. In historic tax credit news, he reports on efforts to expand the Indiana historic tax credit program. In low-income housing tax credit news, he discusses a National Low Income Housing Coalition report on homelessness among veterans and a comment letter that the LIHTC Working Group sent to the Internal Revenue Service about establishing utility allowances. In renewable energy tax credit news, he reports on the Bipartisan Policy Center's call to phase-out the production tax credit