May 27, 2025: Latest on the Reconciliation Bill: What’s In, What’s Not and What’s Coming

The House of Representatives last week passed budget reconciliation legislation that includes significant tax incentive provisions. In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Peter Lawrence, Novogradac's chief public policy officer, discuss the bill, including what provisions were included, which were left out (but could be added as the Senate considers the legislation) and the timeline for the landmark bill going forward. They take a deeper dive into provisions concerning opportunity zones (OZ) and the low-income housing tax credit (LIHTC) that were part of the House bill, along with a significant rollback of clean energy incentives. They also discuss the possibility of provisions relating to the new markets tax credit (NMTC) and historic tax credit (HTC) being added to the bill in the Senate.