Michael J. Novogradac, CPA, shares the investment tax credit news of the week. In general news, Mr. Novogradac discusses Congress’s return and how the fiscal cliff might affect the 2013 tax season. In historic tax credit news, he alerts listeners to Sen. Charles Schumer’s support of the Creating American Prosperity Through Preservation Act and the 50th anniversary of the National Historic Preservation Act. In new markets tax credit news, he alerts listeners to Sen. Schumer’s and charter school officials’ support of a NMTC program extension. In low-income housing tax credit news, he shares the latest for the Small Area FMR Demonstration program and a canceled utility submetering hearing. In renewable energy news, he shares two reports: one on jobs and one on states’ renewable energy projects and programs.