Michael J. Novogradac, CPA, discusses the collapse of the Super Committee and what lies ahead for Congress; the extension of Treasury’s New Issue Bond Program and the Temporary Credit and Liquidity Program; the FY 2012 income limits; an update on redevelopment agencies in California; the Historic Boardwalk Hall case; a report on the Minnesota Historic Rehabilitation Tax Credit; an awarding winning initiative in Vermont; an OIG audit of the CDFI Fund; the new InvestOhio Tax Credit; a bill to provide an investment tax credit for microturbines; and the tax treatment of Section 1603 grants in California.