In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses recently released disaster relief guidance from the IRS for new markets tax credit transactions. The guidance extends deadlines for community development entities and qualified new markets tax credit businesses. Next, he discusses the California state budget proposal and investors’ ability to claim the state low-income housing tax credit in California. Then, he shares news of the recently enacted South Carolina state low-income housing tax credit. He wraps up with discussion of proposals to extend other state credits in Louisiana and Mississippi.