October 28, 2014

Published: Oct. 28, 2014, 8 p.m.

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses next week’s midterm elections and Congressional Research Service updates on tax extender legislation. He also informs listeners about the Office of the Comptroller of the Currency’s report describing the benefits of partnerships between banks and community development loan funds. In low-income housing news, he addresses a sign-on letter circulated for the affordable housing community urging lawmakers to extend the minimum 9 percent low-income housing tax credit rate. He also shares an update about sponsorship for the LIHTC rate floor bill (H.R. 4717). In the historic tax credit discussion, he previews the Advisory Council on Historic Preservation’s next quarterly meeting, and shares highlights of recent state-level discussions about the importance of Missouri and North Carolina state historic tax credits. In the renewable energy segment, he reviews the solar community’s plans for national campaign to extend the investment tax credit beyond its current 2016 sunset date. He will also examine data from the American Wind Energy Association’s report that finds the U.S. wind industry had its busiest third quarter ever. He wraps up with the new markets tax credit segment, reminding listeners about the Nov. 10 deadline to comment on CRA guidance that includes a revision related to new markets tax credit investments.