January 10, 2017

Published: Jan. 10, 2017, 9 p.m.

In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section with news from a busy first week of Congress. He discusses committee leadership appointments and new members of the House and Senate tax-writing committees. He also shares updates on what House Republicans are doing to prepare for writing tax reform legislative language. After that, he reviews more information about HUD Secretary nominee Ben Carson’s scheduled confirmation hearing with the Senate Committee on Banking, Housing and Urban Affairs. And he outlines what outgoing HUD Secretary Julián Castro had to say about the importance of affordable housing–and more specifically, the importance of the low-income housing tax credit. In low-income housing tax credit news, he talks about what a recent Wisconsin Supreme Court ruling on property valuation means for affordable housing in the state. In new markets tax credit news, he shares how listeners can submit comments to the CDFI Fund on its new markets tax credit draft 2018 allocation application and on its CDFI certification requirements. He also shares how to sign a NMTC Coalition letter to Congress in support of expanding and making permanent the new markets tax credit. He closes out with renewable energy tax credit news, where he discusses how two solar industry groups have joined forces to increase capital for solar energy.