Novogradac & Company Llp

Michael J. Novogradac, CPA, discusses the latest tax credit industry news for the week of Oct. 23, 2012. In general tax credit news, he informs listeners about a Joint Committee on Taxation experiment that explored eliminating tax expenditures, updated listeners about the results of his Lame Duck Congress poll and reveals his own thoughts on the likely outcome. In low-income housing tax credit news, he alerts listeners to the Internal Revenue Service's distribution of unused 2012 LIHTC allocation and its announcement of inflation-adjusted 2013 volume caps as well as a change to rural populations that could affect LIHTC properties and a new industry group that aims to keep municipal bonds tax exempt. In historic tax credit news, he reports on a pledge from Rhode Island State Rep. Jeremiah O'Grady to push for an extension of the state's HTC program and a request for a rehearing of the Historic Boardwalk Hall case. In renewable energy tax credit news, he alerts listeners to an opportunity to provide comment on a

Tax Extenders; Form 8586; Residual Receipts; Historic Preservation Certification Application; Solar Programmatic Environmental Impact Statement; Q3 2012 Global Clean Energy Investment; Applicable Qualified Equity Investment Issuance Threshold; New Markets Tax Credit Conference.

Michael J. Novogradac, CPA, discusses the addition of two new members to the so-called "Gang of Six." In low-income housing tax credit news, he updates listeners on the House tax extenders bill and the 9 percent floor extension, discusses a report from the Corporation for Supportive Housing and alerts listeners to a U.S. Department of Housing and Urban Development request for comments on smoke-free policies. In historic tax credit news, he highlights a new website from the National Park Service and a report from the North Carolina Solar Center on solar panels on historic properties. In renewable energy news, he covers a recent voter survey that shows support for solar energy and reveals the most energy efficient states. Finally, in new markets tax credit news, he provides information on qualified equity investments and new contact information for the Community Development Financial Institutions Fund.

Michael J. Novogradac, CPA, alerts listeners to a continuing resolution for the fiscal year 2013 budget and a new Gang of Six in Washington, D.C. In low-income housing tax credit news, he covers two Government Accountability Office reports, one on the Community Reinvestment Act's effect on low-income housing tax credit investment and one on collaboration of federal housing assistance programs. Additionally, he addresses an expansion of the Multifamily LowIncome Housing Tax Credit Pilot program and the 2013 Difficult Development Areas. In new markets tax credit news, he discusses final rules for non-real estate investments and the amount of credits requested during the 2012 application round. In historic tax credit news, he announces the winners of the 2012 J. Timothy Anderson Awards for excellence in historic preservation. In renewable energy tax credit news, he discusses an act to extend master limited partnerships to renewable energy projects and a recent Congressional Service Research report on energy tax

Michael J. Novogradac, CPA, discusses support for tax extenders legislation and the Financial Accounting Foundation's Private Company Council in general tax credit news. In low-income housing tax credit news, he discusses Sen. Maria Cantwell's call to extend the fixed 9 percent floor for the LIHTC, the Internal Revenue Service's most recent LIHC newsletter and a tax expenditure report from New Mexico. In new markets tax credit news, he alerts listeners to a call from freshman Republican senators to extend the new markets tax credit. In historic tax credit news, he discusses the passage of S. 3245 and the renewal of the EB-5 program, as well as Ohio's ninth round of state historic tax credits. Finally, in renewable energy news, he alerts listeners to the growing support for the wind production tax credit and two Section 1603-related topics: a revival of the Section 1603 program for biodigesters and changes to the Treasury's Section 1603 system.

Michael J. Novogradac, CPA, discusses the estimated effects of budget sequestration cuts on affordable housing, community development and renewable energy programs and updates listeners on tax extenders legislation and tax reform efforts. In new markets tax credit news, he reminds prior round allocatees about the deadline to meet the minimum QEI issuance requirement and announces an update to the Novogradac NMTC Mapping Tool to reflect 2010 census data. In the historic tax credit segment, he shares news about the National Park Service's five-year Call to Action plan. Low-income housing tax credit news includes findings from the federal rental alignment pilot's interim evaluation report that was released this summer by the Rental Policy Working Group. Mr. Novogradac concludes the podcast with renewable energy tax credit news about Sen. Patrick Leahy's support for PTC extension as well as some recent renewable energy industry trends.

Michael J. Novogradac, CPA, discusses the upcoming report on the implementation of budget sequestration cuts and invites listeners to take the Novogradac Journal of Tax Credits Reader Survey in general tax credit news. In new markets tax credit news, he summarizes the most recent QEI issuance report, reminds prior round allocatees about meeting minimum QEI issuance requirements and notes the postponement of the CDFI Fund's Advisory Board meeting. The historic tax credit news segment includes a reminder about next week's Historic Boardwalk Hall webinar. In low-income housing tax credit news, he shares positive news about a record number of investors joining the Affordable Housing Investors Council and extends an invitation to Affordable Housing Conference participants to attend an LIHTC Working Group meeting. Mr. Novogradac concludes the podcast with renewable energy tax credit news about conservative opposition to the wind energy production tax credit.

Michael J. Novogradac, CPA, discusses the Family and Business Tax Cut Certainty Act, a recent article about tax reform and the Sequestration Transparency Act of 2012 in general tax credit news. In new markets tax credit news, he reminds listeners about the approaching 2012 application deadline and alerts community development corporations in Hurricane Isaacaffected areas about a potential deadline extension. The historic tax credit news segment features a reminder about this week's National Historic Tax Credit Conference and the upcoming Historic Boardwalk Hall webinar as well as a request for comment from the National Park Service historic preservation certification application and the revival of the Missouri's tax credit review commission. Low-income housing tax credit news includes a California bond issuing agency review and a Treasury Inspector General for Tax Administration municipal bond review. Mr. Novogradac wraps up the podcast with renewable energy tax credit news and a Section 1603 program audit of

Michael J. Novogradac, CPA, discusses the fiscal cliff and the implementation of the Volcker Rule in general news. In low-income housing tax credit news, he reveals the results of a report on maintaining unit affordability after Year 15. In new markets tax credit news, he alerts listeners to the approaching 2012 application deadline, an upcoming Community Development Financial Institutions Fund Advisory Board meeting and the Office of the Comptroller of the Currency's latest newsletter. In renewable energy tax credit news, Mr. Novogradac discusses a new report on energy jobs and a Department of Energy hydropower workshop. Finally, he wraps up with historic tax credit news and the latest in the Historic Boardwalk Hall case.

Michael J. Novogradac, CPA, discusses a request for input about an alternative to the Volcker Rule. In low-income housing tax credit news, he informs readers about a recent Internal Revenue Service Private Letter Ruling on tax-exempt bonds, alerts listeners to Novogradac & Company's new LIHTC Mapping Tool and clarifies some aspects of the Texas Fair Housing Case. In new markets tax credit news, he tells listeners about new application guidance from the Community Development Financial Institutions Fund. In renewable energy news, he reveals the results of two reports, one on the U.S. wind energy market and one on solar market trends.

Michael J. Novogradac, CPA, discusses the fiscal cliff and the sequestration transparency act as well as the latest Basel III updates. In low-income housing tax credit news, he talks about the Internal Revenue Service's utility allowance, proposed U.S. Department of Housing and Urban Development proposed 2013 fair market rents, the Affordable Housing for Moderate-Income Seniors Act and the latest developments in the Texas fair housing case. In new markets tax credit news, he alerts readers to a new Office of the Inspector General of the Treasury's audit of the American Recovery and Reinvestment Act new markets tax credit allocations, new community development entities and the approaching 2012 allocation round deadline. In renewable energy tax credit news, he discusses the Office of Inspector General's latest Section 1603 project audits. Mr. Novogradac wraps up with some disappointing historic tax credit news about the Massachusetts historic tax credit program.

Michael J. Novogradac, CPA, updates listeners on tax extenders legislation, federal budget discussions and the Journal of Tax Credits Developments of Distinction Awards. In low-income housing tax credit news, he discusses a 9 percent floor extension passed by the Senate Finance Committee, the U.S. Department of Housing and Urban Development 2013 Fair Market Rents and the 2011 National Volume Cap Report from the Council of Development Finance Agencies. In new markets tax credit news, Mr. Novogradac discusses a new markets tax credit extension passed by the Senate Finance Committee and a support letter from two Republican Congressmen as well as the latest Qualified Equity Investment issuance report. In renewable energy tax credit news, he alerts readers to wind production tax credit and investment tax credit extensions and a 2013 renewable energy proposal from the New England Governors' Conference. Mr. Novogradac wraps up the podcast with historic tax credit news about an extension of the Massachusetts state hi

Michael J. Novogradac, CPA, updates listeners on several Congressional hearings related to tax reform, new legislation, tax-exempt entities and the U.S. Department of Housing and Urban Development's rental housing assistance program. In renewable energy news, he covers the American Advanced Energy Manufacturing Jobs Act (H.R. 6182) and a recent National Renewable Energy Laboratory study. The new markets tax credit discussion features an update on the 2012 application and CDE certification, as well as an opportunity to access Novogradac's 2012 NMTC application webinar. In low-income housing tax credit news, Mr. Novogradac alerts readers to program recommendations from the National Housing Trust and an impending California redevelopment agency dissolution-related deadline. In historic tax credit news, he informs readers of a recent legislative victory in Ohio, a Q&A on Native American Traditional Cultural Landscapes and an upcoming Advisory Council on Historic Preservation meeting.

Michael J. Novogradac, CPA, brings listeners the latest news on tax credit reform, small business tax legislation and the Bush tax cut extensions. In historic tax credit news, he discusses two recent IRS private letter rulings and the Rehabilitation of Public Schools Act. In renewable energy tax credit news, Mr. Novogradac reveals the results of a report on the Section 1603 cash grant program and the solar investment tax credit. In new markets tax credit news, he reminds listeners of upcoming deadlines for the 2012 application round, summarizes the CDFI Fund's latest qualified equity investment issuance report and alerts listeners to a request for comments on the community development entity certification application. Finally, Mr. Novogradac wraps up with a report from the Center on Budget and Policy Priorities about a potential renters' tax credit program.

Michael J. Novogradac, CPA, updates listeners on the latest in tax reform and small business jobs bills as well as tax extenders legislation and the capital gains tax. In new markets tax credit news, he announces the credit's 2012 allocation round and President Obama's proposal to make the NMTC friendlier to small business investment. In the historic tax credit section, Mr. Novogradac discusses the 2012 Rutgers University and Historic Tax Credit Coalition Report on the HTC's economic impact. In the low-income housing tax credit section, he shares the preliminary results of an LIHTC tenant study. In the renewable energy tax credit section, he wraps up with industry efforts to extend the investment tax credit and production tax credit.

Michael J. Novogradac, CPA, updates listeners on the Ways and Means Committee's hearing on the Affordable Care Act, Senate Bill 2237 and a the status of a couple of Treasury Department nominees, and informs listeners about a new Bond Dealers of America tax reform task force. In historic tax credit news, he alerts listeners to a correction related to the National Park Service's proposed fee change and Pennsylvania's new historic tax credit. Low-income housing tax credit news features several U.S. Department of Housing and Urban Development budget updates as well as news about the Colorado wildfires and the new Louisiana Housing Corporation. He wraps up with information about the 2012 new markets tax credit funding round, Ohio's award of state new markets tax credits and a Louisiana tax expenditure study.

Michael J. Novogradac, CPA, updates listeners on the fiscal challenges facing the federal government and on tax reform and extenders hearings. In renewable energy news, he informs readers about a production tax credit support letter and new guidance on qualified energy conservation bonds. In historic tax credit news, he alerts readers to the impending release of Rutgers University's annual report on the historic tax credit and the recent award of state historic tax credits in Ohio. In low-income housing tax credit news, he shares the plaintiff's response to the Texas Department of Housing and Community Affairs remediation plan in its Fair Housing Act case and reveals the results of a study on the economic impact of affordable housing development in New York. Finally, in new markets tax credit news, he updates listeners on the potential release of the NMTC notice of allocation availability. '

Michael J. Novogradac, CPA, updates listeners about the updated Domenici-Rivlin tax plan, the Small Business Jobs and Tax Relief Act (S. 2237) and the new "Robin Hood Tax." In historic tax credit news, he discusses the Historic Boardwalk Hall case, a National Park Service Proposal to increase fees for HTC application reviews and proposed changes to the HTC's in Iowa and New York. In low-income housing tax credit news, Mr. Novogradac informs listeners about a Government Accountability Office report on the Section 1602 tax credit exchange and tax credit assistance programs, a recent report on the country's rent burdens and California Tax Credit Allocation Committee guidance about sustainable building methods. In new markets tax credit news, he alerts listeners to the 2012 New Markets Tax Credit Handbook and a North Carolina new markets tax credit program. Finally, he wraps up in renewable energy with a production tax credit support letter from Sprint and Microsoft, the Office of the Inspector General of the Tre

Michael J. Novogradac, CPA, alerts listeners to a Senate Finance Committee hearing on the fiscal crisis and a discussion of the U.S. Department of Housing and Urban Development's 2013 budget. In new markets tax credit news, he discusses a comment request from CDFI Fund about its Allocation Tracking System and Maine's state NMTC program. In low-income housing tax credit news, he discusses the Federal Housing Finance Agency's new LIHTC-related financing goals, the latest State of the Nation's Housing report and a HUD proposal to cap public housing authorities' executives' salaries. The historic tax credit discussion summarizes a new bill introduced to enhance the credit and the upcoming CAPP Act lobby days. He wraps up with renewable energy and Senator Mark Udall's plan to open each Senate session with a discussion of the production tax credit, as well as an update on a recent Senate hearing on tax reform and energy policy

Michael J. Novogradac, CPA, relays Senator Max Baucus's tax reform proposal and Representative Pat Tiberi's tax extenders hearing. In the new markets tax credit section, he discusses the NMTC Coalition's 2012 progress report and the CDFI Fund's monthly Qualified Equity Investment Issuance Report update. Additionally, he alerts listeners to the Novogradac & Company's new qualified low-income community investment summaries. In the low-income housing tax credit section, he discusses the annual report from the Advisory Committee on TaxExempt and Government Entities, two memos from the California Tax Credit Allocation Committee and North Dakota's Housing Incentive Fund. Mr. Novogradac then discusses historic tax credit news, including Representative Earl Blumenauer's call for the modernization of the historic tax credit, a report from the National Governors Association and the Massachusetts Tax Credit Transparency Report. Finally, he wraps up with a bill introduced that would enable renewable energy investors to f