June 4, 2024: Previewing Possible Outcomes of the 2024 Election for Tax Credits

With five months until the general election, possible outcomes are varied'and the stakes are high for community development stakeholders. In this week's Tax Credit Tuesday, Michael J. Novogradac, CPA, and Peter Lawrence, Novogradac's director of public policy and government relations, discuss why this election is so important and the effects of different possible outcomes on community development tax credits. They begin by talking about the expiring provisions and why tax legislation is almost certainly on the agenda for the next Congress, then they look at the state of the races for president, the Senate and House of Representatives. After that, they examine each scenario and what each might mean for community development tax incentives.