Novogradac & Company Llp

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section where he describes a comprehensive anti-poverty plan released by House Republican leaders and how the plan can potentially influence tax reform discussions. In the low-income housing tax credit section, he discusses new legislation that was introduced to completely restructure nearly all federal affordable housing programs into a single block grant. Then, he talks about what one report from the Government Accountability Office discovered about compliance issues and the administration of the low-income housing tax credit. After that, he shares news about one state's successful efforts to extend its state low-income housing tax credit for three years. In new markets tax credit news, he highlights the latest New Markets Tax Credit Progress Report. He also shares a newsletter from the Office of the Comptroller of the Currency on how health care centers and community development incentives can be a great