February 21, 2017

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about the recent confirmation of new Treasury Secretary Steve Mnuchin and what some of the priority items are on his to-do list. He also discusses the House Ways and Means Committee's newest member, Mike Bishop. In low-income housing tax credit news, he shares information on the Common Sense Housing Investment Act of 2017, a bill that would reduce the mortgage interest deduction and increase funding for affordable housing. He also discusses public comments on IRS Notice 2016-77. Then he provides details about an upcoming conference call to discuss certificating California state low-income housing tax credits. In new markets tax credit news, he discusses the New Markets Tax Credit Extension Act of 2017, a long-awaited bill to expand and make permanent the federal new markets tax credit. In addition, he outlines a bill to create a state new markets tax credit in Minnesota. He closes out with the historic tax credit section, where he discusses the recently introduced Historic Tax Credit Improvement Act of 2017.'