June 7, 2011

Michael J. Novogradac, CPA, discusses tax reform proposals in in Washington, D.C. the 9th new markets tax credit notice of allocation availability; NMTC regulations proposed to facilitate more non-real estate investments in distressed areas; the 2011 income limits; legislation to allow service members to exclude basic allowance for housing from income when applying LIHTC housing; FHA's new Green Refinance Program; a preview of a study scheduled for release on June 8 that assesses the track record of the LIHTC; findings of the second annual study on the economic impact of the federal historic tax credit; and highlights of testimony presented in Congress by renewable energy industry representatives.