Novogradac & Company Llp

Michael J. Novogradac, CPA, discusses the list of banks that were designated as systematically important; the Super Committee; tax reform; and federal appropriations. Then he discusses a number of new renewable energy tax credit bills that were introduced last week; a comment invitation seeking input on the new markets tax credit program; new NMTC compliance monitoring guidance and the latest QEI issuance report. Next, he discusses guidance complied to assist the preservation community in addressing Section 106 requirements during disaster response efforts and an op-ed in support of the Rehabilitation of Historic Schools Act. Finally, he discusses the Financial Service Committee hearing about the HOME program, and proposed changes to the HOME program regulations.