Novogradac & Company Llp

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he outlines Donald Trump's recently released tax reform plan and what certain provisions could mean for the tax credit community. In the low-income housing tax credit section, he touches briefly on a Massachusetts Superior Court ruling last week that affirms a low-income housing tax credit sponsor's right of first refusal. Then, he discusses HUD's final rule on evaluating Fair Housing Act harassment complaints. He rounds off the housing section with two state updates. The first is a Georgia court ruling on how low-income housing tax credits are assessed in property valuations. The second state update is from California, where the state allocation agency has proposed more than a hundred changes to its state low-income housing tax credit regulations. In new markets tax credit news, he discusses Bill Clinton's continued support of the New Markets Tax Credit that he signed into law when he was president.