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Michael J. Novogradac, CPA, alerts listeners to a Bipartisan Policy Council event that will include a discussion of comprehensive tax reform and a congressional staff briefing on the new markets tax credit by the Congressional Real Estate Caucus. He also discusses Alabama's new market tax credit program. In low-income housing tax credit news, he discusses comments that the National Council of State Housing Agencies submitted to the IRS on compliance matters and NCSHA's 2012 housing conference. He wraps up with a recent IRS advice memo related to the California redevelopment agencies' dissolution and previously issued bonds. In historic tax credit news, he covers reports on state-level programs in Massachusetts and Rhode Island. Finally, he informs readers about a draft of renewable energy guidance from the Department of Energy, comments that Sens. Grassley and Bingaman made last week regarding the production tax credit and Iowa's Solar Investment Tax Credit.

Michael J. Novogradac, CPA, updates listeners about tax extenders hearings and upcoming Congressional hearings and discusses the Municipal Bond Market Support Act of 2012. In the new markets tax credit section, he reports on potential program regulatory changes and a recent report on access to supermarkets in America. He also highlights a bill intended to increase low-income housing tax credits available to areas affected by Hurricane Irene and Tropical Storm Lee and discusses the U.S. Department of Housing and Urban Development's Unique Building Identifier File and informs listeners about a recent document issued by the Internal Revenue Service that addresses the responsibilities of conduit issuers of tax-exempt bonds. He wraps up low-income housing tax credit news with the latest development in the Texas Department of Housing and Community Affairs' Fair Housing Act case. Finally, he summarizes President Obama's recent visit to Iowa in support of extending the wind energy production tax credit and the 48C ad

Michael J. Novogradac, CPA, discusses statements made last week by lawmakers regarding the debt ceiling, tax extenders and tax reform. Then he updates listeners on the timing of the next new markets tax credit allocation application round and reviews the provisions of a bill that would make low-population census tracts eligible for the NMTC. Next, he discusses a briefing to educate Capitol Hill staff on the benefits of the low-income housing tax credit. He also reviews proposed changes to the Section 8 program and congratulates this year's Charles L. Edson Tax Credit Excellence Award winners. In the renewable energy segment, he describes a bill that would disqualify solar panels manufactured in China from the 30 percent investment tax credit, shares Energy Secretary Steven Chu's remarks calling for an extension of the production tax credit, and provides an important reminder about the timing of applications for renewable energy projects that plan to seek Section 1603 cash Grants. Finally, he updates listeners

Michael J. Novogradac, CPA, discusses two exciting Novogradac & Company additions. He shares recent developments on the prospects for passage of federal tax legislation before the November elections. He then reviews several Congressional hearings, including last week's hearing on federal support for financial institutions and the Volcker Rule, Treasury official confirmation hearings and a hearing planned for this week about tax-exempt entities in the context of tax reform. In the new markets tax credit discussion, he shares two updates related to the new eligible census tract data released for the new markets tax credit program and an item of interest regarding Oregon's newly enacted state new markets tax credit. In the low-income housing tax credit section, he discusses the status of fiscal year 2013 Section 8 project-based funding and a funding opportunity announced recently by the Federal Home Loan Bank of San Francisco. Finally, in the renewable energy segment, he discusses President Obama's recent call f

Michael J. Novogradac, CPA, discusses a hearing that will be held this week on federal support for financial institutions and a policy forum held last week on the topic of tax reform. Then he discusses the much-anticipated release of updated eligible census tract data for the new markets tax credit program and describes the transition period provided by the CDFI Fund for new markets professionals to adjust to the new data. Next, he examines the long-awaited final low-income housing tax credit qualified contract regulations, shares analysis of the newlydesignated 2013 qualified census tracts and briefly discuss low-income housing tax credit property disposition guidance released by the IRS. In the historic tax credit discussion he shares statistics about conservation easement cases currently on the U.S. Tax Court's docket and previews the Advisory Council on Historic Preservation's next quarterly meeting. Finally, in the renewable energy segment, he discusses the provisions of the IMPACT Act, which would exten

Michael J. Novogradac, CPA, discusses last week's congressional hearing on tax extenders, as well as additional remarks made in advance of the hearing by a bipartisan group of lawmakers calling for an extension of the production tax credit. In the low-income housing tax credit segment, he discusses highlights from the National Council of State Housing Agencies' 2012 Legislative Conference. The he shares an announcement from the Historic Tax Credit Coalition, which recently released a new mapping tool that can be of great use to supporters of the historic preservation tax credit. Finally, he discusses the findings of a report released last week about the use of the new markets tax credit in metro and non-metro areas and provides a state level update from Nebraska.

Michael J. Novogradac, CPA, discusses an important update on the implementation of the Volcker Rule and a key congressional hearing that will address tax extenders. In the lowincome housing tax credit section he discusses HUD's announcement that it has designated new qualified census tracts or QCTs for 2013 and reviews the findings of a GAO report about the housing choice voucher program. In the renewable energy segment, he discusses an oversight committee hearing that examined tax incentives for renewable energy. Then he shares some positive comments made by Senator Carl Levin in support of the PTC. In the historic tax credit discussion, he provides update on the proposed Pennsylvania state historic tax credit. And finally, in the new markets tax credit discussion, he shares state level updates from Florida and Missouri.

Michael J. Novogradac, CPA, updates listeners about recent and upcoming Congressional debates and votes, discusses bonus depreciation legislation introduced in the Senate and provides a heads up about a hearing on tax reform planned for next week. He then discusses favorable guidance from the IRS regarding power purchase agreements, the Section 1603 cash grant program, interesting points from the GOP's budget proposal and highlights from a recent global energy investment report. The low-income housing tax credit section includes information about a letter circulated last week by Sens. Cantwell and Snowe that seeks support for S. 1989, the California Tax Credit Allocation Committee's geographic apportionments and a follow up about post-RDA guidance issued by the California Department of Finance. In new markets tax credit news, listeners can hear about state NMTC legislation introduced in Ohio.

Michael J. Novogradac, CPA, discusses the news that the United States now has the highest corporate tax rate in the developed world. Then, he discusses a new rule to determine which nonbank financial companies will be considered systematically important financial institutions (SIFIs). He also discusses the Volcker Rule. Next, he provides a quick status update on the Year 11 discussion that began on March 27, then reviews new guidance from California's Department of Finance about the dissolution of RDAs. In the historic tax credit discussion, he discusses state level updates from Pennsylvania and Illinois. Then, he discusses comment letters submitted to the CDFI Fund about the NMTC program, the most recent QEI Issuance Report, and good news from Florida, where lawmakers raised the program caps for the state new markets tax credit. Finally, he reviews the findings of a report that found that the Section 1603 renewable energy cash grant program supported an average of 52,000 to 75,000 jobs per year, and shares a

Michael J. Novogradac, CPA, discusses a report released last week about community development tax expenditures. He also shares updates on two items from last week: the House vote on the Republican's proposed budget and the Ways and Means Committee's vote on H.R. 9. Then, he reviews a hearing that considered the effect of expirations of renewable energy tax incentives and examines a report issued by the House Committee on Oversight and Government Reform that was very critical of the Department of Energy's oversight of the Section 1705 loan guarantee program. Next, he discusses how states housing tax credit caps will be affected by the IRS's release of updated population estimates, and a rule change that aimed at increasing the private development community's involvement in projects that receive funding from both the LIHTC and Section 202 or 811 programs. Then, he provides a quick update on the Historic Boardwalk Hall case, and two state level updates from Massachusetts and Minnesota. Finally, he discusses the

Michael J. Novogradac, CPA, discusses the House Republicans' proposed fiscal year 2013 budget, an upcoming hearing on tax extenders and a possible delay in the implementation of the Volcker Rule. Then, he discusses CDFI Fund guidance about serving targeted populations and examines the most recent QEI Report. Next, he previews a hearing about the effect of pending expirations of tax incentives on the renewable energy industry, and discusses recent questions raised about the jobs created by the Section 1603 cash grant program. In the low-income housing tax credit section of this week's podcast, he reviews the topics covered in the most recent issue of the IRS's LIHC Newsletter. He also discusses a recent court case in Texas that could have significant implications for the low-income housing tax credit community in that state, and possibly beyond. He also shares an announcement from the USDA about its Section 538 program, and a comment invitation from HUD regarding private-public partnerships used for mixed-fina

Michael J. Novogradac, CPA, discusses a recent colloquy on the Senate floor that has direct implications for the future of tax extenders in the context of tax reform. He also shares an update on the federal budget process. Then, he discusses the status of the new markets tax credit extension and last week's votes on energy tax extenders. He also discusses new guidance released by the IRS on Section 1603 cash grants, and state news from Florida. Next, he shares the apartment industry's legislative priorities for the year and examines a bill introduced in Congress that is related to the redevelopment agency saga in California. Finally, he shares some findings from the most recent Out of Reach report published by the National Low Income Housing Coalition.

Michael J. Novogradac, CPA, reviews two hearings on tax reform and alerts listeners to the opportunity to request guidance from the Internal Revenue Service. Then, he shares an announcement about an upcoming conference focused on the Community Reinvestment Act, and important information for affordable housing property owners in Kentucky related to the recent tornadoes. Next, he shares good news from New Jersey, where a proposed state historic tax credit was passed out of committee last week. He also discusses more than $49 million in historic preservation grants awarded by Interior Secretary Ken Salazar. In the renewable energy segment, he discusses the status of an amendment that will be voted on in the Senate this week to extend the production tax credit and Section 1603 cash grant program. Finally, he shares a related update about an amendment to extend the new markets tax credit. He also discusses the CDFI Fund's plans to update program eligibility criteria based on new Census data. '

Michael J. Novogradac, CPA, reviews two hearings on tax reform and alerts listeners to the opportunity to request guidance from the Internal Revenue Service. Then, he shares an announcement about an upcoming conference focused on the Community Reinvestment Act, and important information for affordable housing property owners in Kentucky related to the recent tornadoes. Next, he shares good news from New Jersey, where a proposed state historic tax credit was passed out of committee last week. He also discusses more than $49 million in historic preservation grants awarded by Interior Secretary Ken Salazar. In the renewable energy segment, he discusses the status of an amendment that will be voted on in the Senate this week to extend the production tax credit and Section 1603 cash grant program. Finally, he shares a related update about an amendment to extend the new markets tax credit. He also discusses the CDFI Fund's plans to update program eligibility criteria based on new Census data.

Michael J. Novogradac, CPA, discusses the president's tax reform proposal and this week's congressional calendar. Then, he shares highlights of the ninth round of new markets tax credit allocation awards. In the low-income housing tax credit section, he reviews FHFA's plan for Fannie Mae and Freddie Mac and discusses legislation introduced in California to provide a permanent funding source for affordable housing. Next, he discusses a report about the measurement of the economic impact of historic preservation; a report that suggests that a Pennsylvania state historic tax credit would be an economic boon; and the war over tax credits in Missouri. Finally, he discusses the ongoing efforts to extend the renewable energy production tax credit.

Michael J. Novogradac, CPA, discusses the agreement reached on a long-term extension of the payroll tax holiday, Volcker Rule comment letters and a deadline reminder for listeners who do business in Puerto Rico. Then, talks about the ongoing efforts to extend the production tax credit, reviews an audit of the Section 1705 loan guarantee program and shares a scheduling update for listeners in Oregon. Next, he reviews the HUD and low-income housing tax credit section provisions of the proposed budget for fiscal year 2013, invites listeners to nominate properties for the 18th Annual Charles L. Edson Tax Credit Excellence Awards, and reviews the findings of two reports that examine the economic effect of the LIHTC in Georgia and New Hampshire. He also reviews the findings of a report about historic tax credit recapture rates and discusses state historic tax credit legislation in Minnesota, Rhode Island and Alabama. Finally, he reviews the latest new markets tax credit QEI issuance report.

Michael J. Novogradac, CPA, discusses summarizes key provisions in President Barack Obama's proposed budget for fiscal year 2013. He also shares an update on the congressional conference committee negotiating an extension of the payroll tax holiday; reviews last week's hearing on the interaction of tax policy and financial accounting rules; shares details of two new low-income housing tax credit pilot programs; discusses the how California's tax credit allocating agency is dealing with the elimination of redevelopment agencies, and where there has been renewed interest in of tax-exempt housing bonds. Next, he discusses support for an extension of the renewable energy production tax credit; the provisions of the Creating American Prosperity through Preservation Act; and an amendment introduced in the Senate last week that would extend the new markets tax credit for one year through 2012, Congressman Richard Neal's recent comments in support of the New Markets Tax Credit Program, and a video released by Enterpr

Michael J. Novogradac, CPA, discusses the status of tax extenders and the Obama Administration's plan to propose a budget next week for fiscal year 2013. He also reminds listeners about the upcoming deadline to submit comments on the Volcker Rule. Then, he summarizes Fannie Mae's and Freddie Mac's multifamily business in 2011 and shares remarks made by Treasury Secretary Tim Geithner about the Administration's plan to wind down the GSEs. Next, he discusses a bill that would eliminate all energy specific tax credits and alerts listeners to the impending release of an audit on the Section 1705 loan guarantee program. Then, he discusses the latest developments in the Historic Boardwalk Hall case and state historic tax credits in Indiana and Nebraska. Finally, he discusses the comment letter submitted by New Markets Tax Credit Working Group in response to the CDFI Fund's invitation for suggestions on how to make the new markets tax credit program more efficient.

Michael J. Novogradac, CPA, reviews last week's State of the Union Address. He also discusses the IRS's updated Priority Guidance Plan and a Senate Finance Committee hearing on tax extenders and tax reform. Then, he examines proposals to change the tax treatment of carried interest and reviews a bill in Indiana that would change how property taxes are assessed for low-income housing tax credit properties. Next, he shares the findings of the American Wind Energy Association's fourth quarter market report. Then, he discusses the next meeting of the Advisory Council on Historic Preservation and news from Missouri, where lawmakers have again begun to debate state tax credits. Finally, he considers legislation in Hawaii intended to make the state more attractive for new markets tax credit investing.

Michael J. Novogradac, CPA, reviews the joint committee hearing on the Volcker Rule and touches on two points of interest in the report released by the president's Council on Jobs and Competitiveness. He also previews President Obama's State of the Union address. Then, he discusses the state new markets tax credit proposed in Indiana. Next, he reviews the provisions of a bill that increase low-income housing tax credit caps in areas affected by Hurricane Irene or Tropical Storm Lee. He also discusses provisions of interest to the affordable housing community in New York Governor Andrew Cuomo's proposed budget for 2012-2013, and shares an update on affordable housing California as redevelopment agencies begin winding down operations. Then, he discusses the Real Estate Roundtable's amicus brief in the Historic Boardwalk Hall case. And finally he shares the findings of a report that found that the Department of Defense could generate 7,000 megawatts of solar energy on four of its military bases located in the Ca