Novogradac & Company Llp

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses an update on the federal fiscal year 2014 and 2015 budgets and the looming debt ceiling. In low-income housing tax credit news, he alerts listeners to a 2014 audit from the Treasury Inspector General for Tax Administration Office of Inspections and Evaluations on the Tax Credit Assistance program (TCAP). In historic tax credit news, he informs listeners about an update to Revenue Procedure 2014-12, the safe harbor guidance for historic tax credit partnerships, and he shares state level news from Alabama and a summary of a recent U.S. Tax Court decision about the transfer of state historic tax credits between partners. In new markets tax credit news, he shares information about a bill that would extend the New Markets Tax Credit program and provide additional allocation for communities affected by the loss of manufacturing jobs and discusses the retirement of long-time new markets tax credit supporter Rep. Jim Gerlach.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the fiscal year 2014 budget, a potential change in Senate Finance Committee leadership and a new report about the success of community development financing tools. In historic tax credit news, he discusses long-awaited safe harbor guidance from the Internal Revenue Service, as well as a prototype programmatic agreement from the Advisory Council on Historic Preservation, Rhode Island's newest historic tax credit awardees and the Rural Heritage Conservation Act of 2013.In new markets tax credit news, he has information from the Community Development Financial Institutions Fund's latest Qualified Equity Investment Issuance Report, a study about how new markets tax credits could be used to help end obesity and a bill that would qualify more census tracts for new markets tax credits. In low-income housing tax credit news, he shares information about income-qualified households from Low-Income Housing Credit Newsletter #54 and a report

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with a recap of the latest from Capitol Hill about the fiscal year 2014 budget, tax reform and the Volcker Rule. In low-income housing tax credit news, he discusses the Financial Accounting Standards Board's ratification of the generally accepted accounting principles changes for low-income housing tax credit investments, updates listeners on the U.S. Department of Housing and Urban Development 2014 rent and income limits and provides information about a Harvard University's Joint Center of Housing Studies report on affordable housing. In new markets tax credit news, he shares a report from Rapoza Associates about projects completed by community development corporations and provides an update about the Community Development Financial Institutions Fund's CDFI Information Mapping System upgrade. In historic tax credit news, he shares information about a recommendation to cap Maine's historic tax credit program, an increase in Wisconsi

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides a recap of the latest discussions about the fiscal year 2014 budget, tax reform and the debt ceiling. In lowincome housing tax credit news, he shares information about a new program for increasing energy efficiency in multifamily housing and the Office of the Comptroller of the Currency's release of its first 2014 Community Reinvestment Act examination schedule, as well as the potential release of the U.S. Department of Housing and Urban Development 2014 rent and income limits and the nomination of Mel Watt as director of the Federal Housing Finance Agency. In new markets tax credit news, he provides an update about the Community Development Financial Institutions Fund's CDFI Information Mapping System upgrade and the latest Qualified Equity Investment Issuance report. In our historic tax credit news, he shares the results of a study of the use of the federal historic tax credit in Ohio. In renewable energy tax credit news, he dis

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares information about the Nov. 13 Budget Conference Committee meeting. In new markets tax credit news, he has information about a series of Capacity Building Initiative workshops and an update on the New Markets Tax Credit Military Installation Act of 2013. In historic tax credit news, he shares the results of a study of public schools in Virginia that could benefit from a change to the prior use rule and the results of a review of New York's tax credits. In low-income housing tax credit news, he discusses a report from Enterprise and the Urban Land Institute that studies the cost of affordable housing development and suggests ways to contain those costs. In renewable energy tax credit news, he discusses a report from the National Renewable Energy Laboratory about challenges master limited partnerships and real estate investment trusts face when financing renewable energy assets and a request for comments on Internal Revenue Service For

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses Sen. Max Baucus's tax reform discussion drafts, including cost recovery periods and how they could affect the low-income housing tax credit, and JCX-17-13. In new markets tax credit news, I have a study from the Urban Institute on the effectiveness of the first four years of the New Markets Tax Credit program and the Nevada New Markets Tax Credit program. In historic tax credit news, he reports on efforts to expand the Indiana historic tax credit program. In low-income housing tax credit news, he discusses a National Low Income Housing Coalition report on homelessness among veterans and a comment letter that the LIHTC Working Group sent to the Internal Revenue Service about establishing utility allowances. In renewable energy tax credit news, he reports on the Bipartisan Policy Center's call to phase-out the production tax credit

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the Financial Accounting Standards Board's Emerging Issues Task Force's decision to allow changes in how to account for tax credit investments, recently issued Community Reinvestment Act guidance and the latest information about tax reform. In low-income housing tax credit news, he details the release of the 2014 difficult development areas (DDAs) and a Congressional Budget Office proposal about the deficit reduction savings from the repeal of the low-income housing tax credit. In historic tax credit news, he has information about the latest Advisory Council on Historic Preservation meeting and legislation in Wisconsin that would double the state's historic tax credit. In new markets tax credit news, he shares remarks from Comptroller of the Currency Thomas Curry about how the new markets tax credit can be used by banks to meet Community Reinvestment Act requirements. In renewable energy tax credit news, he alerts listeners to th

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the latest reports on tax reform and an upcoming budget conference committee hearing, as well as the Financial Accounting Standards Board Emerging Issues Task Force's upcoming meeting about accounting for tax credit investments. In low-income housing tax credit news, he discusses the impending release of the 2014 qualified census tracts and difficult development areas, and a housing finance reform hearing. In historic tax credit news, he alerts listeners to Sen. Angus King of Maine's support of the Rural Heritage Conservation Act. In renewable energy tax credit news, he discusses new solar project contract templates that could reduce costs for solar projects and a newsletter from the Office of the Comptroller of the Currency about public welfare investments in wind energy. In new markets tax credit news, he alerts listeners to the Community Financial Institutions Fund's delay of its launch of the third version of the CDFI Informa

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the first meeting of the Budget Conference Committee, tax reform and a potential vote on the Volcker rule. In new markets tax credit news, he shares a letter from 70 Representatives that urges the permanent extension of the New Markets Tax Credit program, discusses legislation that would set-aside new markets tax credits for projects in areas affected by military base closures and discloses information about a request for comments about the Community Development Financial Institutions Fund Bond Guarantee program. In low-income housing tax credit news, he shares the calendar year 2014 low-income housing tax credit and private activity bond caps, as well as Sen. Mike Crapo's support for legislation that would make the 9 percent floor permanent. In historic tax credit news, he discusses a report from Sen. Tom Coburn that addresses some of the costs of the historic tax credit program.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses tax credit reform. In new markets tax credit news, he shares information about the applications that the Community Development Financial Institutions Fund received for the 2013/2014 allocation round. In low-income housing tax credit news, he discusses Low-Income Housing Credit Newsletter #53, a favorable property tax court ruling in Mississippi and the possible extension of California's readiness deadline. In renewable energy tax credit news, he discusses a report from the Interstate Renewable Energy Council about trends in renewable energy and a letter from the Western Governors' Association requesting a change to the production tax credit. In historic tax credit news, he has an update on the Internal Revenue Service's safe harbor guidance for historic tax credit transactions.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses tax credit reform, the end of the government shutdown and the raising of the debt ceiling, and Basel III minimum capital requirements. In new markets tax credit news, he discusses an upgrade to the Community Development Financial Institutions Fund's Information Mapping System and a request from the CDFI Fund for 2013/2014 new markets tax credit application reviewers. In lowincome housing tax credit news, he shares information about a California law that allows developers of special needs housing to get state tax credits. In renewable energy tax credit news, he discusses a report from the Solar Energy Industry Association about commercial solar installations. In historic tax credit news, he discusses a report about building reuse in Los Angeles and legislation in Wisconsin that would double the state's historic tax credit percentage.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the federal government shutdown and the looming debt ceiling. In new markets tax credit news, he shares the latest qualified equity investment issuance report. In low-income housing tax credit news, he discusses a hearing about the future of Fannie Mae and Freddie Mac and multifamily housing development and shares a letter that the New York State Association of Affordable Housing is sending to Sen. Chuck Schumer urging him to introduce a Hurricane Sandy relief bill. In renewable energy tax credit news, he discusses a report from the Interstate Renewable Energy Council about the photovoltaic system approval process and changes to the Louisiana Solar Electric System Income Tax Credit program. In historic tax credit news, he shares the results of Alabama's historic tax credit review lottery.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the federal government shutdown and the looming debt ceiling. In new markets tax credit news, he shares the first round of allocatees and issuers under the Community Development Financial Institutions Fund Bond Guarantee program and the opening of Nevada's first new markets tax credit allocation round. In low-income housing tax credit news, he alerts listeners to the U.S. Department of Housing and Urban Development's release of the final fiscal year 2014 fair market rents and the Internal Revenue Service's suspension of program occupancy requirements in areas affected by severe storms in Colorado. In renewable energy news, he discusses a recent House Oversight and Government Reform Subcommittee hearing on energy policy and the fate of the production tax credit. In historic tax credit news, he shares a petition requesting the end of the government shutdown that the National Trust for Historic Preservation is sending to Congress.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the federal government shutdown and its effects on tax credit programs and the U.S. Department of Housing and Urban Development programs. In renewable energy news, he shares new guidance from the Internal Revenue Service on "begin-construction" requirements for the production tax credit and a recent transaction spurred by the credit's extension; he also alerts listeners to an upcoming hearing about the credit. In low-income housing tax credit news, he covers a federal subsidy that the Federal Housing Administration will be taking and the fiscal year 2014 mortgage insurance premiums. In new markets tax credit news, he alerts listeners to a new program extension support letter that is being circulated in the House of Representatives. In historic tax credit news, he shares the findings of a study on the use of historic tax credits in predominantly African-American neighborhoods and the opening of the Alabama historic tax credit prog

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates listeners on the fiscal year 2014 budget and the approaching debt ceiling, and the Volcker Rule. In lowincome housing tax credit news, he discusses proposed regulations from the Internal Revenue Service and an upcoming hearing about tax-exempt bond arbitrage rebate regulations, as well as two Senators' visit to tribal lands in Montana. In renewable energy tax credit news, he shares recent guidance from the Office of the Comptroller of the Currency about public welfare investments in wind energy projects. In new markets tax credit news, he discloses the record number of signatories to a letter that the New Markets Tax Credit Coalition has sent to Congress in support of the program. In historic tax credit news, he reveals that the Advisory Council on Historic Preservation has released a Section 106 toolkit.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares news about legislation and continuing resolutions that could provide funding for fiscal year 2014 and changes to the rural housing determinations that could affect rural properties. In low-income housing tax credit news, he discusses the Financial Accounting Standards Board's Emerging Issues Task Force's debate about accounting for the low-income housing tax credit. In renewable energy tax credit news, he covers the possibility of additional IRS guidance on the production tax credit, as well as a recent report that shows that wind farms do not impact house values. In historic tax credit news, he discusses a fiscal year 2013 report from Missouri about the use of state historic tax credits and low-income housing tax credits. In new markets tax credit news, he alerts listeners to the opening of Nebraska's new markets tax credit program's allocation round.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates Congress's return to session and the issues that they are facing in the next few weeks. In low-income housing tax credit news, he discusses discuss the Financial Accounting Standards Board's Emerging Issues Task Force's meeting this week to make a final ruling on amendments affecting the low-income housing tax credit, and the U.S. Department of Housing and Urban Development's decision to eliminate audits for small multifamily developments. In historic tax credit news, he shares information about Virginia Gov. Bob McDonnell's campaign to change the historic tax credit so that it can be used for school modernization projects, as well as a reminder about next week's fast-approaching Historic Tax Credit Conference in Detroit. In new markets tax credit news, he alert listeners to the latest Qualified Equity Investment Report from the CDFI Fund and some key dates for the 2013/2014 NMTC application round.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, informs listeners about the next stop on Senate Finance Committee Chairman Max Baucus and House Ways and Means Chairman Dave Camp's tax reform tour and about Treasury Secretary Jacob Lew's request that Congress raise the debt ceiling. In low-income housing tax credit news, he discusses the U.S. Department of Housing and Urban Development's changes to Handbook 4350.3, as well as the Internal Revenue Service's LIHC Newsletter #52 and request for comments about the LIHTC program's utility allowances and carryover agreements. In new markets tax credit news, he alerts listeners to a new NMTC Insights report on the investment potential of new markets tax credits and a request for comments on how the CDFI Fund collects information on projects. In historic tax credit news, he has a state level update from Rhode Island, which has awarded its first historic tax credits since 2008. In renewable energy tax credit news, he shares information about a ne

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares comments that Senate Finance Committee Chairman Max Baucus last week made about the new markets tax credit and tax reform. In low-income housing tax credit news, he discusses the U.S. Department of Housing and Urban Development's Hurricane Sandy Rebuilding Strategy. In historic tax credit news, he has a state-level update from Kentucky about the use of the state and federal historic tax credits and alerts listeners to a recently announced National Park Service workshop taking place in Detroit next month. In new markets tax credit news, he tells listeners about an updated 2013/2014 NMTC application question and answer document from the Community Development Financial Institutions Fund. In renewable energy tax credit news, he shares the contents of a letter from more than 60 Representatives and several industry organizations requesting tax credit certainty.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares with listeners updates to the Treasury Department's 2013-2014 priority guidance plan. In low-income housing tax credit news, he discusses new Hurricane Irene and Tropical Storm Lee relief legislation, a report about the use of low-income housing tax credits in rural areas and an Internal Revenue Service phone forum on tax-exempt bonds and post-issuance compliance. In new markets tax credit news, he alerts listeners to some of the resources that Novogradac & Company offers to increase the effectiveness of 2013/2014 NMTC applications. In historic tax credit news, he shares a state level update from Massachusetts about the use of the state's historic rehabilitation tax credit in 2012. In renewable energy tax credit news, he discusses energy tax credit legislation that was recently introduced in the House.