May 30, 2017

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about last week's House Ways and Means Committee hearing on the president's proposed budget for fiscal year 2018. He recaps the testimony of sole witness Treasury Secretary Steve Mnuchin. Then, he discusses the Move America Act of 2017, a bill that would authorize additional tax-exempt bond allocation as well as a new tax credit to fund infrastructure projects. In new markets tax credit news, he outlines some of the topics added to the CDFI Fund's list of frequently asked questions regarding the 2017 NMTC allocation application. After that, he closes out with the latest qualified equity investment issuance report and a CDFI Fund blog post on eligible uses of Capital Magnet Fund awards. In historic tax credit news, he shares a sign-on letter urging congressional leaders to retain and enhance the historic tax credit in tax reform. Then, he outlines the School Infrastructure Modernization Act, a bill that involves the historic tax credit and historic schools.